Prepare Peggy's balance sheet as of January 31, 2020. Hint - you might consider (1) making the entries for the seven events transactions, (2) coding the debits and credits, and then (3) updating the balance sheet accounts. Remember the coding of debits and credits is explained in the traditional homework general instructions a. C d e 2 (11 points) Prepare the Adjusting Journal Entries (AJES) that should be made on December 31, 2018, the end of the accounting year for each of the following independent situations. If no AJE is required, indicate "none" Assume the firm only makes AJEs at the end of the accounting year. On May 1, 2018, the firm collected $12,000 of rent for 12 months in advance. The journal entry to record the receipt included a credit to a permanent account. b. On April 1, 2018, the firm collected $6,000 of rent for 12 months in advance. The journal entry to record the receipt included a credit to a temporary account. On November 1, 2018, the firm collected $9,000 of rent for 6 months in advance. The journal entry to record the receipt included a credit to an income statement account On June 30, 2018, the firm collected $3,000 of rent for 3 months in advance. The journal entry to record the receipt included a credit to a balance sheet account. On October 31, 2018, the firm paid $6,000 for a 6-month insurance policy. The journal entry to record the payment included a debit to a balance sheet account On September 1, 2018, the firm paid $15,000 for a 3-month rental of a machine. The joumal entry to record the payment included a debit to an income statement account On August 1, 2018, the firm paid $6,000 for a 6-month rental of a machine. The journal entry to record the payment included a debit to a permanent account. h On October 31, 2018, the firm paid $40,000 for an 8-month rental of a machine. The journal entry to record the payment included a debit to a temporary account On May 1, 2018, the company borrowed $1,200,000 at 4%. The principle is due on May 1, 2019. The interest is due every six months and the company made the first interest payment on November 1, 2018 On August 1, 2016, the company borrowed $6,000,000 for six years at 6%. The interest is due and payable every year on August 1. The principle is due and payable in three equal installments on August 1, 2018, August 31, 2020, and August 31, 2022. The company made its interest and principle payments as required k On September 1, 2018, the firm bought $100,000 of 3% three-year bonds. The firm paid $100,000 for this investment. The company will collect $1,500 of interest on the bonds every six months starting on March 1, 2019. 1