13-Ch 4Lesson 1-Connect son 11 somheducation.com ME 19 Required information M4-5 and M4-6 For each of the following transactions for the Sky Blue Corporation: a Collected $2,850 rent for the period October 1 to December 31, which was credited to Deferred Revenue on October 1 b. Paid $1,560 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount c. Used a machine purchased on October 1 for $49,800. The company estimates annual depreciation of $4,980. M4-6 Recording Adjusting Journal Entries [LO 4-2] Prepare the adjusting journal entries required on October 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < Record the rent revenue earned during October Note: Exter debits befare creats Transaction General Journal Cali CHER