1). Expenses 11. Journalize the adjusting entries needed at August 31, the fiscal year end, for each of the following independent situations a. On July 1, we collected $3,000 rent in advance on that date Cash was debited and uneares Rent Revenue was credited. The tenant was paying six monthstent in avance Computations Adjusting entries b. The business holds a $30,000 note payable on July 1. At an interest rate of 5% payable in six months Computations Adjusting entries C. Salary expense is $2,900 per day, Monday through Friday, and the business pays employees each Friday. This year, August 31 falls on a Tuesday Computations Adjusting entries d. The unadjusted balance of the supplies account $1.400. Son and total 5200 Computations Adentries e. The equipment with a cost of 20.000 been in use for one year. The equipment's useful life is 10 years Computations Adiusting entries f. On April the first, when we prepaid $1.560 for one year Insurance policy, we debited Prepaid Insurance and credited cash. Computations Adjusting entries