29 d. Unadjusted balance in Prepaid Rent 30 Unexpired Prepaid rent as of December 31. 31 32 33 34 35 36 e. 37 38 39 40 41 42 43 87 88 89 Date December 31 Date December 31 General Journal Instructions Rent expense Cost of equipment purchased on January 1 of current year Estimated salvage value Estimated useful life (years) Prepaid rent General Journal Depreciation expense Accumulated depreciation Calculate adjustments + Debit Debit 5,800 $8,700 $2,900 Credit Credit 5,800 $67,000 $7,000 6

Unadjusted balance in Prepaid Rent Unexpired Prepaid rent as of December 31. $8,700 $2,900 e. Cost of equipment purchased on January 1 of current year Estimated salvage value $67,000 Estimated useful life (years) $7,000 6