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Penny's Pool Service \& Supply, incorporated (ppsS) is completing the accounting process for the tirst yeat of operations ended on December 31 . Transactions doing the yeor bawe been jounalized and posted. The following trial bolance reflects the unadjusted balances on December 31 : Penty's Pool Sence \& 5upply, incorporated a. PPSS owed 57.500 in wages to the office feceptionist and three assistants for working the last 10 days in December. The employees will be paid early next year. b. On October 1 of the current fiscal year. PPSS received $24.000 from customers who prepaid pool cleaning service for one year beginning on November 1 of the current year c. The compeny recelved a $520 utilty bill for Decembet utitity usage. It will be paid cerly next year. d. PPSS borrowed $79.000 trom a local bank on August 1, signing a one-year, 12 percent note. The note and interest are due on August 1 of next year e. On December 31, PPSS cleaned and winterized a customer's pool for 5800 , but the service was not yet recorded on March 31 f. On November 1 of the current fiscal year, PpSS purchased a two-year insurance policy for $4,200, with coverage begirning on that date. The amount was recordec as Prepaid Expenses when paid. g. On December 31, PPSS had $3,100 of pool cleaning supplies on hand after purchasing supplies costing 525,400 during the year from Pool Coiporation. Incorporated. h. PPSS estimated that depreciation on its buildings and equipment was $8.300 for the year. 4t naramhner 21 sith in interest an investments was earned that will be recoved in the next year