Do not provide answer in image format Bank LoanInterest ExpenseInterest Payable8,000600100Additional information: Total interest expense for the year should be $800.CashUtilities Payable1,000200Additional information: The December bill has not yet been received or any accrual made; theamount owing at December 31 is estimated to be another $150.Utilities Expense1,200CashPrepaid Insurance1,200600Additional information: A $1,200 one-year insurance policy had been purchased effective February1, 2018; there is no other insurance policy in effect.Insurance ExpenseRent Earned600Unearned RentRevenue900300Additional information: The Unearned Rent Revenue balance applies to the months of Novemberand December 2018 and to January 2019 at $300 per month.Required: Prepare all necessary adjusting entries and descriptions at December 31, 2018. Generalledger account numbers are not necessary.

The adjustment entries are prepared to adjust the revenue and expenses for the current period.

Bank Loan Interest Expense Interest Payable 8,000 600 100 Additional information: Total interest expense for the year should be $800. Cash Utilities Payable 1,000 200 Additional information: The December bill has not yet been received or any accrual made; th amount owing at December 31 is estimated to be another $150. Utilities Expense 1,200 Cash 1,200 Prepaid Insurance 600 Insurance Expense 600