3/4 Question Five (10 points) On July 1, Runner's Sports Store paid $9,000 to Acme Realty for 6 months' rent beginning July 1 and recorded this amount in Prepaid Rent. Required: If financial statements are prepared monthly prepare the adjusting entry to be made by Runner's Sports Store on July 31. Date Accounts titles and explanation Debit Credit Question Six (10 points) Henry-k Company purchased a computer system for 21,600 on January 1, 2020. The company expects to use the computer system for 3 years. It has no residual value. Required: If financial statements are prepared monthly, prepare the adjusting entry to be made by Henryk Company on January 31, 2020 Date Accounts titles and explanation Credit Debit Question Seven (10 points) Sherman Charter signed a four-month note payable in the amount of $18,000 on September 1. The note requires interest at an annual rate of 6%. Required: If financial statements are prepared monthly, prepare the adjusting entry to be made by Sherman Charter on September 30. Date Accounts titles and explanation Debit Credit