3. (11 points) Prepare the Adjusting Journal Entries (AJES) that should be made on December 31, 2018, the end of the accounting year, for each of the following independent situations. If no AJE is required, indicate "none." Assume the firm only makes AJEs at the end of the accounting year. a. On March 1, 2018, the firm collected $12,000 of rent for 12 months in advance. The journal entry to record the receipt included a credit to a permanent account. b. On August 31, 2018, the firm collected $12,000 of rent for 12 months in advance. The journal entry to record the receipt included a credit to a temporary account. c. On September 30, 2018, the firm collected $2,000 of rent for 2 months in advance. The journal entry to record the receipt included a credit to a balance sheet account. d. On August 1, 2018, the firm collected $3,000 of rent for 3 months in advance. The journal entry to record the receipt included a credit to an income statement account. e. On December 1, 2018, the firm paid $6,000 for a 6-month insurance policy. The journal entry to record the payment included a debit to a balance sheet account. f. On May 1, 2018, the firm paid $12,000 for a 12-month rental of a machine. The journal entry to record the payment included a debit to an income statement account. g. On March 31, 2018, the firm paid $6,000 for a 6-month rental of a machine. The journal entry to record the payment included a debit to a permanent account. h. On October 1, 2018, the firm paid $1,000 for a 1-month rental of a machine. The journal entry to record the payment included a debit to a temporary account. i. On March 1, 2018, the company borrowed S480,000 at 4%. The principle is due on March 1, 2019. The interest is due every three months and the company made the first interest payment on June 1, 2018. j. On August 1, 2017, the company borrowed $4,000,000 for four years at 6%. The interest is due and payable every year on August 1. The principle is due and payable in four equal installments on August 1, 2018, 2019, 2020, and 2021. The company made its interest and principle payments as required. k. On September 30, 2018, the firm bought $200,000 of 3%, three- year bonds. The firm paid $200,000 for this investment. The company will collect $3,000 of interest on the bonds every six months starting on March 31, 2019