P4-2 Recording Adjusting Entries LO4-1 The foNowing information apples to the questions displayed belowj l of the current years entries for 2immerman Company have been made, except the following adusting entries. The company's annual accounting year ends on December 3 On September 1 ofthe current yet Z) m erman colected six month rent of SS00 on stroge space. At that dote. Zmen on debited Cash and created ureamed Rent Revenue fr S b. On October 1 of the current year, the company borrowed $18,000 from a local bank and signed a one-yeat 11 pencent note for that amount. The prindpal and interest are payable on the maturity date c. Depreclation of $2,300 must be recognized on a service truck purchased in July of the current yeer at a cost of $17,000 d Cash of 3,900 was collected on November of the current yeat for services to be rendered eveny over the next year beginning on November 1 of the current yeot Unearned Service Revenue was crecited when e. On No er ber , of the current year. Zm mer an peid one-year premium or p erty ns o ce 120 or coverage 5ta ting on thet de e Cash wes credi ed and Prepad Insurance was debted or this o mount. The company eamed service revenue of $4300 on a special job that wos completed December 29 of the cument year. Collection will be made during Janubry of the next yeat No entry has been recorded. g At December 31 of the current year, wages eamed by employees totoled $14,900 The employees will be paid on the next poyroll date in January of the next yeor h On December 3t of the current year, the compony estimated it owed $600 for this year's property towes on land. The 1sx will be paid when the bill is received in Jenuary of next year