3. (a, b, c)

For each of the following transactions for the Sky Blue Corporation, 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.) Collected $2, 700 rent for the period October 1 to December 31. which was credited to Unearned Revenue on October 1. Paid $1, 440 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount. Used a machine purchased on October 1 for $49, 200. The company estimates annual depreciation of $4, 920. Record the rent revenue earned during October. Record the insurance expense for October. Record the depreciation for the month of October. Enter debits before credits