can someone solve journal entry A.... please

E4-4 (Algo) Recording Adjusting Entries LO4-1 Elana's Traveling Veterinary Services, Incorporated, completed its first year of operations on December 31. All of the year's entries have been recorded except for the following: a. On March 1 of the current year, the company borrowed $60,600 at a 10 percent interest rate to be repaid in five years. b. On the last day of the current year, the company received a $410 utility bili for utilities used in December. The bill will be paid in January of next yeat. Required: 1. What is the annual reporting period for this company? 2. Prepare the required adjusting entry for transactions (a) and (b). Complete this question by entering your answers in the tabs below. Prepare the required adjusting entry for transactions (a) and (b). Note: If no entry is required for a transactionvevent, select "No journal entry required" in the first account field. Journal entry worksheet Prepare the adjusting entry needed at December 31 . On March 1 of the current year, the combany borrowed $60,600 at a 10 percent interest rate to Prepare the required adjusting entry for transactions (a) and (b). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Prepare the adjusting entry needed at December 31. On March 1 of the current year, the company borrowed $60,600 at a 10 percent interest rate to be repaid in five years. Note: Enter debits before credits