Here is oneaccounting cycle problem please solve it:Unadjusted Trial BalanceDebitCreditCash2705000Account Receivable20000Supplies20000Prepaid Rent120000Inventory70000Office Equipment50000Accounts Payable70000Notes Payable1000000Common Stock2000000Retained Earnings100000Service Fee20000Sales50000Wages Expense12000Interest Expense10000Utility Expense3000Cost of Goods Sold30000Total31400003140000Journalize the adjusting entries below.(a.) Unused supplies on hand $8000(b.) Unexpired rent $110000(c.) Depreciation on equipment $5000(d.) Accrued interest on the note $1000(e.) Accrued wages but not paid $3000et is a permanent accounting record and its use is required in the accounting cycle. Choose a position and support your answer.(Make sure the Answer not from the Internet )