The folowing information applies to the questions displeyed below] All of the current years entries for Zimmerman Company have been made, except the following adjusting entries. The company's annual accounting year ends on December 31 a On September 1 of the current year, Zimmerman collected six months rent of $8,400 on storage space. At that date, Zimmerman debited Cash and credited Unearned Rent Revenue for b. On October 1 of the current year, the compeny borowed $18,000 from a local bank and signed a one-yeat, 12 percent note for that amount The principal and interest are payable on the c. Depreciation of $2,500 must be recognized on a service truck purchesed in July of the current yeer at a cost of $15,000 $8,400 maturity date Cash of $3,000 wes collected on November of the current year, for services to be rendered eventy over the next year beginning on November t of the current yeat Unearned Service Revenue was credited when the cesh wes received debited for ths amount t The company eamed service revenue of $4,000 on a special job that was completed December 29 of the current year Collection will be made during January of the next year No entry e On November 1 of the eurrent yeat, Zimmeman paid a one year premium for property insurance, $9000, for coverage starting on thet date. Cash was credited and Prepaid Insurance wa has been recorded t December 3, of the current yeac wages earned by onloyees totaled $14. The employees wil be paid on the next pay on date January Of the next year, h On December 31 of the current yees, the company estimated owed $500 for this years property taxes on land. The tax will be paid when the bil is received in January of next year value: 2000 points Required 1. Indicate whether each transaction relates to a deferred revenue, deferred expense, accrued revenue, or accrued expense. a. b. C. d. e. h. 2. Using the following headings, indicate the effect of each adjuating entry and the amount of the effect. Use for Increase, -tor decrease. (Reminder: Assets Equity: Revenues- Expenses - Net Iecome, and Net Income accounts are closed to Retained Earnings, a part of Stockholders' Equity.) Liabilties Stockholders Balance Sheet Transaction Assets Liablities Stockholders Revenues Expenses Net Income