question 19 3,4,5

3. By December 31, Crabb had provided $14.000 of services to a customer and had not yet billed them. Prepare the adjusting entry needed on December 31. NOTE: Enter dollar values with no dollar sign and appropriate commas (e.g. 5.000). Every box needs an answer. If there is no dollar value for the box, put a 'o' in the space provided. If the t-account is not used, write 'Blank' for the account title. 4. Crabb borrowed $50,000 from a bank on May 1. The loan has an annual interest rate of 6%. The original amount of the loan and the related interest will be paid on May 1 of the following year. Prepare the adjusting entry needed on December 31. NOTE: Enter dollar values with no dollar sign and appropriate commas (e.g. 5,000)Every box needs an answer. If there is no dollar value for the boxput a 'o' in the space provided. If the t-account is not used, write 'Blank' for the account title. 5. Crabb purchased a new machine for 16,000 on January 1. The machine had an estimated useful life of 4 years. Prepare the adjusting entry needed on December 31. NOTE Enter dollar values with no dollar sign and appropriate commas (eg. 5,000). Every box needs an answer. If there is no dollar value for the box, put a 'o' in the space provided. If the t-account is not used, write "Blank" for the account title