All of the current year's entries for Zimmerman Company have been made, except the following adjusting entries. The company's annual accounting year ends on December 31. a. On September 1 of the current year, Zimmerman collected six months' rent of $8,400 on storage space. b. Depreciation of $2,500 must be recognized on a service truck purchased in July of the current year at a cost of $15,000. c. On November 1 of the current year, Zimmerman paid a one-year premium for property insurance, $9,000, for coverage starting on that date. d. The company earned service revenue of $4,000 on a special job that was completed December 29 of the current year. Collection will be made during January of the next year. e. Salary expense is $800 per day-Monday through Friday-and the business pays employees each Friday. This year, December 31 falls on a Wednesday. f. The supplies used at Dec.31 is $3,100. g. Income before income tax, $50,000. Income tax rate is 20%. Required: Prepare adjusting entries for these transactions at December 31, 20X7, for each situation. Consider each fact separately. Omit the explanation. Solution