Adjusting Journal Entries: [5392] On Jan. 1, Year 3, Merle Company had a proper balance in Unearned Rent Revenue of $5,000. The firm rents out a single property and the lease on that property was set to expire on April 30, Year 3. The monthly rental rate was the same for all 24 months. The firm had received $30,000 on April 30, Year 1, for the entire two-year lease starting on that date. On April 30, Year 3, the firm received $36,000 for a new two-year lease starting on the same date. The firm credited this entire amount into Rent Revenue account while debiting Cash. No other entries have occurred in Year 3 related to Rent Revenue OR Unearned Rent Revenue until the adjusting journal entry [AJE] you show below. Required: Show the proper [AJE] at Dec. 31, Year 3, the end of Merle's fiscal year. Debit or Credit Account Title Amount Without prejudice to your answer above, assume no entries were made related to this leased property in Year 4 prior to the AJE you are about to record on Dec. 31, Year 4. Required: Show the proper AJE at Dec. 31, Year 4. Debit or Credit Account Title Amount Adjusting Journal Entries: Second Situation: Ethan purchased $5,500 Supplies on August 1, Year 3, paying Cash for the entire purchase. The firm's staff forgot to count and consider the unused Supplies on hand at the end of the year. The staff expensed the entire amount of Supplies that had been purchased. While 'tidying' up the accounting records for Year 3 you discovered that $700 of Supplies had been left on hand at the end of Year 3. Required: Provide the proper AJE on Dec. 31, Year 3.