42. The balance in the prepaid rent account before adjustment at the end of the year is $12,804, which represents 12 months' rent paid on December 1. The adjusting entry required on December 31 is

43. If a fixed asset, such as a computer, were purchased on January 1st for $2,489.00 with an estimated life of 7 years and a salvage or residual value of $220.00, what is the journal entry for monthly expense under straight-line depreciation?