Prepare the necessary adjusting entry for each of the following Determine the impact on the basic equation if the following information is not used to adjust the accounts 1. The company rents extra office space to B). CPAS. B & pays the $12.000 rent annually on January 1 2. The company has an outstanding loan to its President in the amount of $100,000. Then accrues interest at the annual rate of 4. Principal and interest ate due January 1, 2072 The company completed work on a project during dan uly that was not yet billed to the dient. The client will be charged $2.500