Splish was founded in January 2013. Presented below are adjusted and unadjusted trial balances as of December 31, 2020. SPLISH TRIAL BALANCE DECEMBER 31, 2020 Unadjusted Adjusted Dr. Cr. Dr. Cr. Cash $ 15,000 $ 15,000 Accounts Receivable 19,500 23,700 Supplies 6,400 1,000 Prepaid Insurance 3,000 2,450 Equipment 69,000 69,000 Accumulated Depreciation—Equipment $ 33,000 $ 39,000 Accounts Payable 4,000 4,000 Interest Payable - 0- 270 Notes Payable 9,000 9,000 Unearned Service Revenue 6,200 4,900 Salaries and Wages Payable – 0– 1,300 Common Stock 17,000 17,000 Retained Earnings 7,000 7,000 Service Revenue 57,900 63,400 Salaries and Wages Expense 16,300 17,600 Insurance Expense 550 Interest Expense 300 570 Depreciation Expense 6,000 Supplies Expense 5,400 Rent Expense 4,600 4,600 $ 134,100 $ 134,100 $ 145,870 $ 145,870 (a) Journalize the annual adjusting entries that were made

mauve company permits employees to occasionally use the copying machine for personal purposes

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.