On December 31, 2018 the adjusted trial balance of the Yellin Personnel Agency shows the following selected data: Accounts Receivable, $8,000 Service Revenue, $60,000 Interest Expense, $10,500 Interest Payable, $3,500 Utilities Expense, $4,800 Accounts Payable, $2,700 Analysis indicates that adjusting entries were made for (a) $8,000 of employment commission revenue earned but not billed, (b) $3,500 of accrued but unpaid interest, and (c) $2,700 of utilities expense accrued but not paid. Prepare the closing entries at December 31, 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Service Revenue 60,000 60,000 Income Summary (To close revenue account.) Interest Expense 10,500 (To close expense accounts) (To close net income to retained earnings) Prepare the reversing entries on January 1, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) No. Account Titles and Explanation Debit Credit (a) Enter the adjusted trial balance data in T-accounts. Post the entries in (a) and (b) and rule and balance the accounts. (Post the entries presented in both the previous part.) Accounts Receivable Service Revenue Interest Expense Interest Payable Utilities Expense Accounts Payable Prepare the entries to record (1) the collection of the accrued commission on January 8, (2) payment of the utility bill on January 10, and (3) payment of all the interest due ($4,000) on January 15. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit No. Date Account Titles and Explanation (1) Jan. 8 Post the entries in (d) to the temporary accounts.(Post the entries presented in the previous part.) Accounts Receivable Dec. 31 Adjusting 8,000 Jan. 1 Reversing 8,000 Service Revenue Dec. 31 Closing 60,000 Dec. 31 60,000 Adjusting Jan. 1 Reversing 8,000 Interest Expense Dec. 31 Adjusting 10,500 Dec. 31 Closing 10,500 Jan. 1 Reversing 3,500 Interest Payable Jan. 1 Reversing 3.500 Dec. 31 3,500 Adjusting Utilities Expense Dec. 31 Adjusting 4,800 Dec. 31 Closing 4,800 Jan. 1 Reversing 2,700 Accounts Payable Jan. 1 Reversing 2.700 Dec. 31 2,700 Adjusting e Textbook and Media List of Accounts What is the interest expense for the month of January 2019? Interest expense for January $