Arista Company adjusts its accounts at the end of each month. The following information has been assembled in order to prepare the required adjusting entries at December 31: A one-year bank loan of $360,000 at an annual interest rate of 12% had been obtained on December 1. The company’s pays all employees up-to-date each Friday. Since December 31 fell on Tuesday, there was a liability to employees at December 31 for two day’s pay amounting to $5,900. On December 1 rent on the office building had been paid for four months. Monthly rent is $3,000. Depreciation of office equipment is based on a lifetime of six years. The balance in the Office Equipment account is $7,200; no change has occurred in the account during the year. Fees of $7,600 were earned during the month for clients who had paid in advance. A. What amount of interest expense has accrued on the bank loan? B. By what amount will the book value of the office equipment decline after the appropriate December adjustment is recorded? C. After the appropriate adjusting entry is recorded, the balance in the liability account Unearned Fees will fall by what amount? D. What will be the appropriate entry to record rent expense?