1.	Journalize the adjusting entry needed at December 31,2023, for each situation. Consider each fact separately. (Record debits first, then credits. Exclude explanations from any journal entries.)

a. The business has interest expense of

$3,900

that it must pay early in

January

2024.

	Accounts	Debit	Credit
a.

b. Interest revenue of $4,700 has been earned but not yet received.

	Accounts	Debit	Credit
b.

c. On

July 1, 2023, when the business collected $12,300 rent in advance, it debited Cash and credited Unearned Rent Revenue. The tenant was paying for two years' rent.

	Accounts	Debit	Credit
c.

d. Salary expense is $5,500 per dayMonday through Fridayand the business pays employees each Friday. This year, December 31 falls on a Thursday.

	Accounts	Debit	Credit
d.

e. The unadjusted balance of the Supplies account is $2,800. The total cost of supplies on hand is $1,400.

	Accounts	Debit	Credit

a.	The business has interest expense of $3,900 that it must pay early in January 2024.
b.	Interest revenue of $4,700 has been earned but not yet received.
c.	On July 1, 2023, when the business collected $12,300 rent in advance, it debited Cash and credited Unearned Rent Revenue. The tenant was paying for two years' rent.
d.	Salary expense is $5,500 per dayMonday through Fridayand the business pays employees each Friday. This year, December 31 falls on a Thursday.
e.	The unadjusted balance of the Supplies account is $2,800. The total cost of supplies on hand is $1,400.
f.	Equipment was purchased on January 1 of this year at a cost of $180,000. The equipment's useful life is five years. There is no residual value. Record depreciation for this year and then determine the equipment's book value.