2. On September 30, 2020, Hazelnut received $14,400 rent from a lessee for lease beginning on that date, which was credited to the Rent Revenue account. 3. 2010 month Time left 1:09:43 All depreciable assets are depreciated at 10% per year. However, any acquisitions and disposals during the year are depreciated at half this rate. There were no acquisitions of PPE during 2020. On December 31, 2019, the balance in the Plant and Equipment account was $230,000. 4. On December 28, 2020, the bookkeeper incorrectly credited Sales Revenue for a receipt on account from a regular customer of $10,000. 5. 6. At December 31, 2020, salaries accrued but unpaid were $4,200. Based upon an aging of the accounts, Hazelnut estimates that 5% of the Accounts Receivable balance on December 31, 2020 will become uncollectible. 7. On August 1, 2020, Hazelnut purchased, as a temporary investment, $70,000, 6% bonds of Pecan Corp. at par. The bonds mature on August 1, 2023. Interest payment dates are July 31 and January 31. 8. advance. On April 30, 2020, Hazelnut rented a warehouse for $2,000 per month, paying $24,000 in Instructions a. Record the necessary correcting and adjusting entries. b. Indicate which of the adjusting entries may be reversed at the beginning of 2021.