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Required informationi Pennys Peor Service & Supply incorporated (PPSS) is compleving the dccourting procnss for the first year of operotions a. PPS5 owed $9,200 in

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Required informationi Pennys Peor Service \& Supply incorporated (PPSS) is compleving the dccourting procnss for the first year of operotions a. PPS5 owed $9,200 in woges to the office receptionist and three assistants for working the last 10 days in December The ernployees will be paid in early next yeat. b. Cn October 1 of the cufrent fiscel year, ppSS recewed $29100 from cuistomers who prepaid pool cleaning service for one year beginning on November 1 of the current year: 6. The company received a $690 utity bill for December utility usage it will be paid early next year d PP5S bortowed $82000 from a local bonk on August 1, signing a one yowat, 12 percent note. The note and interest are due on August 1 of next year e. Do December 31. PPSS cleaned and wimtenzed a customer's pool for $970, but the service was not yet recotded on December 31 1 On November 1 of the current fiscal year, PPSS purchased a two-yeat insurance policy for 56,000 , with coverage beginning on that date. The amount was recorded as Prepald Expenses when paid 9 On December 31 , ppSS had $5,000 or pool cleaning supplies on hand ofter purchasing 5 upplies costing $27100 duning the year frora Pool Cornorotion, Incorporoted. h. Pps estimated that depreciation on its buildings and equipment was $10.000 for the year 1 At December 31,$280 of wherest on investments was earried thbt will be rocelved in the next year 1) The compony? income tax rate for the yoar was 22 percent Fequired: 1. Prepore edjusung entues for Penmy's Pool Service \& Suppty. Incorporatedi on December 31 of the current yeat Note: If no entry is required for a transactionlevent, select "No journal entry required" in the first account field. Round your a to nearest dollar

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