Riva's River Rafting The following information relates to the year-end adjustments: a's River Rafting Expeditions Inc. is a calendar year corporation. {a} On December 11, 2021 Riva loaned $250,000 @ 24% for 120-days to Lamco. NE of the year-end adjusting entries have been recorded. The following an excerpt from the December 31, 2021 UNADJUSTED trial balance. {b ) On Friday January 7, 2022 Riva paid $16,000 to employees for the TWO DR CR five-day work weeks then ended. Rafting fees receivable {c ) During December 2021 Riva offered "Whitewater Wild Weekends in the Drink" Notes receivable - Lamco 250,000 to companies that were required to pay $ 9,200 for all reserved weekends in advance. Medical Supplies 6,650 Riva estimates that $3,700 of these advance payments remain unearned at Prepaid Insurance 6,400 December 31, 2021. Prepaid Advertising 6,000 Salaries payable {d) Riva employs marketing personnel who are compensated with base pay plus Interest payable commissions. In January of 2022 the company paid sales commissions of $4,100 Commissions payable to salespeople for Rafting Adventures occurring in December 2021. Unearned rafting fees 9,200 {e} Riva paid $9,600 on October 1, 2021 for insurance coverage covering the Unearned subscription revenue 24,000 period October 1, 2021 through March 31, 2022. All other insurance costs Note payable - Scrooge National Bank 120,000 had expired as of December 31, 2021. Raft Wreckers subscription revenue 12,000 Riva keeps an ample inventory medical supplies as rafters are frequently Rafting Fees Earned 945,000 thrown from their river rafts onto jagged rocks. A physical count of medical Advertising expense 36,750 supplies revealed that the company had $2,960 of supplies were on hand Insurance expense 31,700 as of December 31, 2021. Interest expense {g) On August 1, 2021 Riva accepted $36,000 for annual subscriptions to her wildly Commission expense 49,500 popular "Capsized and Wrecked Raft" videos. Each month, beginning in August 2021, Salary expense 400,000 Riva sent the latest DVDs capturing the most recent raft wrecks to subscribers. Medical Supplies expense 37,600 (h} A review of billings revealed that $5,300 of raft adventures had been provided in December 2021 but were NOT yet billed as of December 31, 2021. On November 1, 2021 Riva paid $7,500 to WFAN for radio advertisements to be aired from November 1, 2021 through March 31, 2022. All other advertising costs had been consumed as of December 31, 2021. On December 2, 2021 Riva borrowed $120,000 @ 6% for 120-days from Scrooge National Instructions: Riva N. sole shareholder of the company has requested that you prepare the appropriate year-end adjusting entries