3. The information present below is for Sponge Bob, Inc. (a) Salaries for the period December 26, 2022, through December 31, 2022, amounted to $17,840 and have not been recorded or paid. (b) Interest of $5,225 is payable for three months on an 11%, $190,000 loan and has not been recorded. (c) Rent of $36,000 was paid for six months in advance on December 1 and debited to Prepaid Rent. (d) Service revenue of $76,000 was credited to Unearned Service Revenue account when received. Of this amount $42,100 is still unearned at year-end. (e) The expired portion of an insurance policy is $2,400. Prepaid Insurance was originally debited. (f) Interest revenue of $400 from a $4,000 note has been earned but not collected or recorded. Required: Prepare the adjusting entries that should be made on December 31, 2022. (Omit explanations.) (1

3. The information present below is for Sponge Bob, Inc. (a) Salaries for the period December 26, 2022, through December 31, 2022, amounted to $17,840 and have not been recorded or paid. (b) Interest of $5,225 is payable for three months on an 11%,$190,000 loan and has not been recorded. (c) Rent of $36,000 was paid for six months in advance on December 1 and debited to Prepaid Rent. (d) Service revenue of $76,000 was credited to Unearned Service Revenue account when received. Of this amount $42,100 is still unearned at year-end. (e) The expired portion of an insurance policy is $2,400. Prepaid Insurance was originally debited. (f) Interest revenue of $400 from a $4,000 note has been earned but not collected or recorded. Required: Prepare the adjusting entries that should be made on December 31,2022 . (Omit explanations.) (1)