E3-35B. (Learning Objective 3: Journalizing adjusting entries) Felipe Motor Company faced the following situations. Journalize the adjusting entry needed at December 31, 20X7, for each situation. Consider each fact separately.

a. The business has an interest expense of €9,000 that it must pay early in January 20X8.

b. Interest revenue of €4,800 has been earned but not yet received.

c. On July 1, €13,200 rent in advance was collected; Cash was debited and Unearned Rent Revenue was credited. The tenant was paying two years’ rent.

d. Salary expense is €1,800 per day—Monday through Friday—and the business pays employees each Friday. This year, December 31 falls on a Wednesday.

e. The unadjusted balance of the Supplies account is €3,300. The total cost of supplies on hand is €1,200.

f. Equipment was purchased at the beginning of this year at a cost of €150,000. The equipment’s useful life is five years. There is no residual value. Record depreciation for this year and then determine the equipment’s carrying amount.