2. Prepare (a) the journal entry for the collection of rent on December 12, year 1, and (b) the adjusting entry on December 31, year 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet 1 2 Record collection of rent revenue for a month. Note: Enter debits before credits. During its first year of operations, Riverside Company completed the following two transactions. The company's fiscal year ends on December 31. a. Paid and recorded wages of $131,000 during year 1; however, at the end of that year, wages of $1,400 for three days are unpaid and unrecorded because the next weekly pay day is January 6, of year 2. b. Rented office space to another party and collected $3,075 on December 12, of year 1. The rent collected was for 30 days from December 12, year 1 through January 10, year 2, and was credited in full to rent revenue. Required: 1. Prepare (a) the adjusting entry required on December 31, year 1 and (b) the journal entry required on January 6, year 2 to record the payment of any unpaid wages from December of year 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)