please answer a-c

Froblem 4 (20 points) The Firm is cornpleting the accounting process for the year just ended, December 31, Year 1. The following dats with respect to adjuating entries are available. Identify cach of these transactions as a defered revenue, deferred expense, acorued revenue, or acerued expense (type of adjustment). Prepare the adjusting entries that sbould be reocrded for the Firm at end of the current year. (a) On July 1 of the Year 1, the Firm boerowed 510,000 at a 4 percent interest rates to be tepaid in five years. All interests and principal will be paid in five yeare (b) levestments ownod by the Fim earned 5350 in additional interest revenue for the year, but cash will be received in the neut uurter. (c) Office supplies on hand at January 1, Year 1, setaled 5370 . Office supplies purchased and debited to Office Supplies during the year amouated to 5110 . The year-end count showed 575 of supplies on hand. FroMlen 4 e0 pelat) pese below. (a) Type of tumactioe- \begin{tabular}{|l|l|l|} \hline D. & 3 & \\ \hline & ? & 5 \\ \hline \end{tabular} ()) Tye of thacedene (c) Type of tunsectica = Froblem 4 (20 points) The Firm is cornpleting the accounting process for the year just ended, December 31, Year 1. The following dats with respect to adjuating entries are available. Identify cach of these transactions as a defered revenue, deferred expense, acorued revenue, or acerued expense (type of adjustment). Prepare the adjusting entries that sbould be reocrded for the Firm at end of the current year. (a) On July 1 of the Year 1, the Firm boerowed 510,000 at a 4 percent interest rates to be tepaid in five years. All interests and principal will be paid in five yeare (b) levestments ownod by the Fim earned 5350 in additional interest revenue for the year, but cash will be received in the neut uurter. (c) Office supplies on hand at January 1, Year 1, setaled 5370 . Office supplies purchased and debited to Office Supplies during the year amouated to 5110 . The year-end count showed 575 of supplies on hand. FroMlen 4 e0 pelat) pese below. (a) Type of tumactioe- \begin{tabular}{|l|l|l|} \hline D. & 3 & \\ \hline & ? & 5 \\ \hline \end{tabular} ()) Tye of thacedene (c) Type of tunsectica =