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In: AccountingManitoba Mini Homes Corp. has annual earnings of $24,500 in itsunadjusted trial balance. The company...Manitoba Mini Homes Corp. has annual earnings of $24,500 in itsunadjusted trial balance. The company prepares financial statementsannually, with adjusting journal entries recorded at year-end. Thefollowing items have not yet been addressed for the fiscal periodended 31 December:a. A 12-month, $2,880 insurance policy that commenced on 1September was paid on 1 September and debited to prepaid insuranceat that time. The prepaid insurance account already had a balanceof $1,730 on 1 September in relation to the prior insurancecoverage, which expired on 30 August.b. The office supplies inventory account had a balance of $1,200at the beginning of the year. Supplies costing $3,800 werepurchased during the year and expensed as bought. There is aninventory of $1,600 physically on hand at the end of the year.c. Manitoba completed a mini-home sale on the last day of thefiscal year but has not yet recorded the transaction. The mini-homewas sold for $55,900, and the proceeds were to be paid in earlyJanuary. The unit has a cost of $43,000 and was still in inventoryon the books as of 31 December.d. A service charge of $190, a deduction from the cash accountper the bank statement for December, has not yet been recorded.Interest on outstanding loans for $460 was also taken out of thebank account in December but is not recorded.e. A customer paid a $9,900 deposit for repairs in December.This amount was credited to revenue, but the work is not expectedto be done until January.f. A customer paid $6,480 in early November for one year’s renton a mini-home, a rental arrangement effective on 1 November. Thecash received was credited to revenue in November.g. A customer paid $7,320 in early August for one year’s rent ona mini-home, a rental arrangement commencing on 1 August. The cashreceived was credited to unearned revenue in August. h. A customerwho rents a mini-home did not pay her rent in November or December,although the company believes that the amount will be paid inJanuary. Nothing has been recorded for November or December.Monthly rental is $400 on this unit.