Wild Productions entered into the following transactions during 2015: Cash sales during 2015 totaled dollar 45,000. Collected dollar 3.000 on March 1. 2015 in exchange for filming monthly city council meeting through February 2016. On June 30. Wild purchased a camera in exchange for dollar 5.000 cash and a dollar 5,000 12- month. 6 percentage note payable. Interest and principal arc due at maturity. The camera has a 5- year useful life. On October 1, Wild paid S 12.000 for rent through September 30. 2016. Credit sales during 2015 totaled dollar 135,000. Wild estimates bad debts to be 0.5 percentage of credit sales. Paid salaries of dollar 75.000 during 2015. Payroll on 1/8/16 included S2.800 for 2015 services. On January 5. 2016. Wild reconciled its checking account as of December 31. 2015. The reconciliation revealed the following reconciling items: Interest revenue of dollar 11 for December. Outstanding checks of dollar 155 related to photographic supplies. A dollar 45 error in recording a customer payment on account. Wild erroneously recorded a dollar 27 check for dollar 72. Required: For each of the above transactions, prepare the journal entry () required to record the original 2015 transaction in the space provided on page 5. If no entry is required, write "No Entry Required." Only answers appearing in the appropriate space on page 5 will be graded. Remember to include the balance sheet effect for each item. For each of the above transactions, prepare the adjusting journal entry () necessary at December 31. 2015 to properly reflect the effect of the transaction on the 2015 financial statements. If no entry is required, write "No Entry Required." Only answers appearing in the appropriate space on page 6 will be graded. Remember to include the balance sheet effect for each item