The Firm is completing the accounting process for the year just ended, December 31, Year 1. The following data with respect to adjusting entries are available. Identify each of these transactions as a defered revenue, deferred expense, accrued revenue, or accrued expense (type of adjustment). Prepare the adjusting entries that should be recorded for the Firm at end of the current year. (a) On July 1 of the Year 1, the Firm borrowed $25,000 at a 4 per cent interest rates to be repaid in five years. All interests and principal will be paid in five years. (b) Investments owned by the Firm earned $250 in additional interest revenue for the year, but cash will be received in the next quarter. (c) Office supplies on hand at January 1, Year 1, totaled $150. Office supplies purchased and debited to Office Supplies during the year amounted to $120. The year-end count showed $75 of supplies on hand Problem 4 (20 points) Fill in boxes highlighted. If you want, include how you get each in the optional explanation space below. (a) Type of transaction = Adjusting entry: Enter account names following debit (Dr.)/credit (Cr.), and dollar amounts. Dr. $ Cr. $ Include here if you want to further explain your work (optional): (b) Type of transaction = Adjusting entry: Enter account names following debit (Dr.)/credit (Cr.), and dollar amounts. Dr. $ Cr. $ Include here if you want to further explain your work (optional): (c) Type of transaction = Adjusting entry: Enter account names following debit (Dr.)/credit (Cr.), and dollar amounts. Dr. $ Cr. $