The following unadjusted trial balance was taken from the books of Yola Corporation at the end of its fiscal year on December 31, 2021 (three zeros omitted from all numbers) Account Debit Credit Cash $52,000 Accounts Receivable 40,000 Notes Payable $60,000 Allowance for Doubtful Accounts 1,200 Rent expense 20,000 Prepaid Insurance 8,600 Equipment, cost 240,000 Accumulated Depreciation--Equipment 12,000 Accounts Payable 21,200 Common Stock 37,800 Retained Earnings 55,800 Service Revenue 200,000 Utilities Expense 6,400 Salaries and Wages Expense 43,000 Unearned Service Revenue 22,000 Totals $410,000 $410,000 At the fiscal year-end on December 31, 2021, the following annual adjustments have to be made: a. Insurance expired during the year, $2,400 3 b. Estimated bad debts for the year $800 c. Depreciation on equipment, 5% per year on original cost d. The note has three months maturity and carries interest rate of 2% APR. The note was issued on November 1, 2021 e. Rent paid in advance at December 31, 2021 was $9,000 (originally charged to rent expense) f. Accrued salaries and wages at December 31, 2021 was $15,000 g. Of the unearned service revenue, $2,000 was earned on December 31, 2021 h. Included in service revenue is an amount of $1,000 for which a service obligation to the client was not met by December 31, 2021 Instructions From the unadjusted trial balance and information given below it, prepare: annual adjusting entries on December 31, 2021; an adjusted trial balance on December 31, 2021; and closing entries for nominal accounts on December 31, 2021 and answer the questions below: i. What is the correct adjusting journal entry for d above? ii. What is the correct adjusting journal entry for e above? iii. What is the correct adjusting journal entry for h above? iv. In the adjusted trial balance on December 31, 2021, how much is Service Revenue? v. In the adjusted trial balance on December 31, 2021, how much is Rent Expense? vi. In the adjusted trial balance on December 31, 2021, how much is Interest Payable? vii. In the adjusted trial balance on December 31, 2021, how much is Unearned Service Revenue? 4 viii. In the adjusted trial balance on December 31, 2021, how much is Prepaid Insurance? ix. By what amount does the adjusted trial agree (total debits and total credits)? x. What is the journal entry for closing the revenue account(s) on December 31, 2021? xi. In the journal entry closing expense accounts on December 31, 2021, what is the amount debited and credited? xii. What is the amount for closing Income Summary to Retained Earnings on December 31, 2021?