McCall Company's annual accounting year ends on December 3 1 . It is December 3 1 . 2004. and all of the 2004 entries except the following adjusting entries have been made:

a. On September 1 . 2004. McCall collected six months" rent of S4.800 on storage space. At that date. McCall debited Cash and credited Unearned Rent Revenue for S4.800.

b. The company earned service revenue of S3.000 on a special job that was completed December 29. 2004. Collection will be made during January 2005. No entry has been recorded.

c. On November 1 . 2004. McCall paid a one-year premium for property insurance. S4.200. for coverage starting on that date. Cash was credited and Prepaid Insurance was debited for this amount.

d. At December 31. 2004, wages earned by employees totaled SI. 100. The employees will be paid on the next payroll date. January 15, 2005.

e. Depreciation of $ 1 ,000 must be recognized on a service truck purchased on July 1 . 2004. at a cost of $12,000.

/ Cash of $1 ,500 was collected on November 1 . 2004. for sen ices to be rendered evenly over the next year beginning on November 1 . Unearned Service Revenue was credited when the cash was received.

g. On December 27. 2004. the company received a tax bill of S400 from the city for 2004 property taxes on land. The tax bill is payable during January 2005.

/;. On October 1. 2004. the company borrowed SI 0,000 from a local bank and signed a 12 percent note for that amount. The principal and interest are payable on maturity date. September 30. 2005.

Required: 1. Indicate whether each transaction relates to a deferred revenue, deferred expense, accrued revenue, or accrued expense. 2. Give the adjusting entry required for each transaction at December 3 1 . 2004.