Requirement a. Journalize and post adjusting journal entries. Omit explanations. Begin by preparing the adjusting journal entries. (Record debits first, then credits. Exclude explanations from any journal entries.) AJE1: At December 31, interest in the amount of $3,000 has accrued on the note payable but has not yet been recorded. This amount will be paid on January 31,2023. Unadjusted Trial Balance Chart of Accounts 500:Expenses503600:Other501502RentExpense504505506510520601WageExpenseUtilitiesExpenseAdministrativeExpenseInsuranceExpenseSuppliesExpenseDepreciationExpense-EquipmentInterestExpenseIncomeSummary Transactions - January 18: The owners invested $170,000 (the par value of the stock) into the business and acquired 34,000 shares of common stock in return. - February 1: Spring bought factory equipment in the amount of $60,000. The company took out a Iong-term note from the bank to finance the purchase. - February 28: The company paid cash for rent to cover the 12-month period from March 1, 2022, through February 28, 2023 , in the amount of $39,000. - March 1: Spring purchased supplies in the amount of $30,000 on account. - March 22: Spring recorded sales revenue in the amount of $130,000. Half of this amount was received in cash and half was paid on account. Ignore cost of goods sold. - May 1: Spring received cash payments to pay off all the customer accounts. - May 29: The company paid wages of $28,000 in cash. - July 12: Spring recorded sales revenue in the amount of $140,000, all of which was paid in cash. Ignore cost of goods sold. - July 31: Spring paid $3,600 cash for interest on the note taken out on February 1. - August 8: Spring paid off the balance owed to a supplier for the purchase made on March 1. - September 1: Spring paid $8,000 cash for utilities. - October 14: Spring paid wages of $20,000 in cash. - November 10: Spring recorded sales revenue in the amount of $194,000. One payment of $70,000 was received in cash; the remainder of this balance was sold on account. Ignore cost of goods sold. - December 31: Spring declared and paid a $26,000 dividend