Problem 4-2: The Sleazyjet Corporation Prepare adjusting and correcting entries for the following situations that were identified by the Sleazyjet Corporation other than those described in the question.(note-you must record debits on the left!) 1. A one year loan of S120000 was made to a competing airline on November 30, 2018. The loan has an interest rate of 5% per annum that is payable at the end of each year. While the loan was correctly recorded, no entry has been made to reflect the interest on the loan. at its January 31, 2019 year end. In each case, assume that no adjusting entries have been made 2. The company obtained a loan of $972000 from the Bong Aircraft Co. on June 30, 2018. The loan has an interest rate of 9% per annum, while the loan was recorded, no adjustment has been made for interest that will be payable in June 2019. 3. On September 30, 2018 the company paid $4320 for a 12 month fire insurance policy. The purchase of the policy was recorded as prepaid insurance and no adjustment has been made to reflect the expiration of the policy. 4. The balance of the Fuel on Hand account was $27000 on January 31, 2019. A physical inspection of the tanks revealed that the actual Fuel on Hand was $13500 5. On August 31, 2018 the company paid $25200 for a 12 month rental of a departure gate. The payment was recorded as prepaid rent and no adjustment has been made to reflect the expiration of the lease