Adjusting Entries In analyzing the December 31, the end of an annual fiscal period. accounts of Sydney Corporation, the adjusting data listed below are determined on la) The prepaid insurance account shows a debit of $6,000, representing the cost of a two-year earthquake insurance policy dated July 1 ust 1, Rent Revenue was credited for $9,450, representing revenue from subrental for a seven-month period beginning on that date. (c) Purchase of advertising materials for $3,550 during the year was recorded in the advertising expense account. On December 31, advertising materials costing $500 are on ha d) On November 1, $4,200 was paid for rent for a six-month period beginning on that date. The rent nd. expense account was debited e) Miscellaneous Office Expense was debited for office supplies of $950 purchased during the year On December 31, office supplies of $125 are on hand. (f) Interest of $534 has accrued on notes payable 1. Give the adjusting entry for each item. 2. What sources would provide the information for each adjustment