Problem 4-1 Bryant Company rents office space to small businesses. Record the following transactions that occurred during 2020 for Bryant Company. a. On January 1, Bryant Company had $200 of supplies on hand. On January 15, they purchased $3,000 more of supplies. b. On April 1, Bryant Company paid $18,000 for a one-year insurance policy covering April 1, 2020 - March 31, 2021. c. On May 31, Bryant borrowed $25,000 from the bank. The loan is a 2-year loan with a 4% interest rate. d. On August 31, Davis CPA paid Bryant Company $9,600 for 6 months of rent. The rental period begins on September 1. e. On November 1, Bryant Company paid Molly Maids $2,400 for 3 months of cleaning services running through January 31, 2021. f. On December 1, a new renter paid Bryant Company $6,600 to rent an office space for the next 12 months. Problem 4-2 Hillside Consulting, Inc. was formed on January 1, 2020, and recorded its transactions throughout the year. Now it is the end of the year, and it is time for Hillside to make adjusting journal entries for some accruals. Prepare the adjusting entries. a. Consulting revenue of $3,750 was completed in December, but the work has not yet been billed. b. A utility bill for December was received December 31, in the amount of $280. It will be paid in January. c. Wages earned in late December won't be paid until the first payday in January. These amount to $2,825. d. Hillside had borrowed $10,000 at 6% on November 1, 2020. Interest on the three-month note will be paid at its maturity date of February 1, 2021