a. The business has interest expense of $2,900 that it must pay early in January 2021. b. Interest revenue of $4,900 has been earned but not yet received. c. On July 1,2020 , when the business collected $12,000 rent in advance, it debited Cash and credited Unearned Rent Revenue. The tenant was paying for two years' rent. d. Salary expense is $5,900 per day-Monday through Friday_and the business pays employees each Friday. This year, December 31 falls on a Thursday. e. The unadjusted balance of the Supplies account is $3,000. The total cost of supplies on hand is $1,800. f. Equipment was purchased on January 1 of this year at a cost of $200,000. The equipment's useful life is five years. There is no residual value. Record depreciation for this year and then determine the equipment's book value. Harrison Rentals Company faced the following situations. (Click the icon to view the situations.) Requirement 1. Journalize the adjusting entry needed at December 31,2020 , for each situation. Consider each fact separately. (Record a. The business has interest expense of $2,900 that it must pay early in January 2021. b. Interest revenue of $4,900 has been earned but not yet received. c. On July 1, 2020, when the business collected $12,000 rent in advance, it debited Cash and credited Unearned Rent Revenue. The tenant was paying for two years' rent. d. Salary expense is $5,900 per day-Monday through Friday_-and the business pays employees each Friday. This year, December 31 falls on a Thursday. e. The unadjusted balance of the Supplies account is $3,000. The total cost of supplies on hand is $1,800. f. Equipment was purchased on January 1 of this year at a cost of $200,000. The equipment's useful life is five years. There is no residual value. Record depreciation for this year and then determine the equipment's book value. Determine the equipment's book value. The equipment's book value is $