The following listing shows all of the account balances taken from the unadjusted trial balance of Rangers Corporation at Dec. 31, 2021: Rangers Corporation, Unadjusted Trial Balance, December 31, 2021 Accounts Receivable 46,800 Accounts Payable 29,900 Accumulated Depreciation 10,800 Advertising Expense 4,680 Allowance for doubtful accounts (debit) 200 Common Stock 19,800 Cash 30,080 Cost of Sales 40,000 Dividends Declared 27,000 Insurance expense 8,760 Inventory 20,000 Short-Term Investments 5,000 Notes Payable 36,000 Prepaid Rent Expense 10,800 Property, Plant and Equipment 59,760 Retained Earnings (Jan 1, 2021) 10,800 Sales Revenue 154,800 Unearned Revenues 17,820 Utilities Expense 5,280 Wage Expense 21,560 Refer to the above listing in questions 4 through 9. Refer to the unadjusted trial balance of Rangers Corporation at Dec. 31, 2021 presented above. The note payable balance represents an amount borrowed on October 1, 2021. The note and interest at 6% are to be repaid on September 30, 2023 Required: Assume the accounting period ends on December 31, 2021. Determine whether an adjusting entry is required on 12.31.2021 in relation with the transaction above. Fill in the drop down spaces below to record the correct entry (use 'None' if no entry is necessary). List accounts debited before accounts credited. Answer: We would have to DEBIT and CREDIT at the amount of Refer to the unadjusted trial balance of Rangers Corporation at Dec 31, 2021 presented above. The prepaid rent expense resulted from rent at the amount of $14,400 paid on July 1, 2020, for a two-year lease beginning that date. Required: Assume the accounting period ends on December 31, 2021. Determine whether an adjusting entry is required on 12.31.2021 in relation with the transaction above. Fill in the drop down spaces below to record the correct entry (use 'None' if no entry is necessary). List accounts debited before accounts credited. Answer: We would have to DEBIT and CREDIT at the amount of Refer to the unadjusted trial balance of Rangers Corporation at Dec 31, 2021 presented above. Rangers Corporation sells only on account and uses the aging allowance method to estimate its bad debt expense. The CFO created the following aging schedule for the accounts receivable balance of Dec 31, 2021: Timing Amount % Estimated uncollectible Not yet due 30,000 2% 30 days overdue 12,000 5% 60 days overdue and older 4,800 30% Required: Assume the accounting period ends on December 31, 2021. Determine whether an adjusting entry is required on 12.31.2021 in relation with the above information. Fill in the drop down spaces below to record the correct entry (use 'None' if no entry is necessary). List accounts debited before accounts credited. Answer: We would have to DEBIT . and CREDIT at the amount of Refer to the unadjusted trial balance of Rangers Corporation at Dec. 31, 2021 presented above. The note payable balance represents an amount borrowed on October 1, 2021. The note and interest at 6% are to be repaid on September 30, 2023 Required: Assume the accounting period ends on December 31, 2021. Determine whether an adjusting entry is required on 12.31.2021 in relation with the transaction above. Fill in the drop down spaces below to record the correct entry (use 'None' if no entry is necessary). List accounts debited before accounts credited. Answer: We would have to DEBIT and CREDIT at the amount of Refer to the unadjusted trial balance of Rangers Corporation at Dec. 31, 2021 presented above. The prepaid rent expense resulted from rent at the amount of $14,400 paid on July 1, 2020, for a two-year lease beginning that date. Required: Assume the accounting period ends on December 31, 2021. Determine whether an adjusting entry is required on 12.31.2021 in relation with the transaction above. Fill in the drop down spaces below to record the correct entry (use 'None' if no entry is necessary). List accounts debited before accounts credited. Answer: We would have to DEBIT and CREDIT at the amount of Refer to the unadjusted trial balance of Rangers Corporation at Dec 31, 2021 presented above. The balance of the unearned revenue account resulted from an advance payment from a customer made on December 15, 2021. By December 31, 2021, it was determined that the customer received 40% of the services paid for earlier in the month. Required: Assume the accounting period ends on December 31, 2021. Determine whether an adjusting entry is required on 12.31.2021 in relation with the transaction above. Fill in the drop down spaces below to record the correct entry (use 'None' if no entry is necessary). List accounts debited before accounts credited. Answer: We would have to and at the amount of Refer to the unadjusted trial balance of Rangers Corporation at Dec 31, 2021 presented above. Rangers Corporation runs on a five-day work week (Monday through Friday). December 31, 2021 falls on a Friday, payday is Monday, and weekly payroll is $9,375, earned evenly across the five days. Required: Assume the accounting period ends on December 31, 2021. Determine whether an adjusting entry is required on 12.31.2021 in relation with the transaction above. Fill in the drop down spaces below to record the correct entry (use 'None' if no entry is necessary). List accounts debited before accounts credited. Answer: We would have to and at the amount of Refer to the unadjusted trial balance of Rangers Corporation at Dec 31, 2021 presented above. A physical inventory count at December 31, 2021 amounted to $18,000. All inventory is held for sale to customers. Required: Assume the accounting period ends on December 31, 2021. Determine whether an adjusting entry is required on 12.31.2021 in relation with the transaction above. Fill in the drop down spaces below to record the correct entry (use 'None' if no entry is necessary). List accounts debited before accounts credited. Answer: We would have to and at the amount of