The particular time when various events and transactions are recorded in the accounts is often a matter of clerical efficiency. For each of the items below, describe the likely entry during each month and the adjusting entry at the end of each month, assuming that financial statements are prepared monthly.

a The rental on buildings and equipment of \(\$ 600\) is paid in advance at the beginning of each month.

b Property taxes for the calendar year of \(\$ 3,600\) are paid on July 1 .

c Selling and office supplies, \(\$ 375\), are purchased once each month but used each day in small amounts.

d A firm rents out excess office space at the rate of \(\$ 500\) a month, payable in advance for each calendar quarter of the year.