Answer the following questions about prepaid expenses a. On February 1, River and Valley Travel Lid. prepaid $5,600 for three months' rent. Give the adjusting entry to record rent expense at March 31. Include the date of the entry and an explanation. Then post all amounts to the two accounts involved, and show their balances at March 31, Rover and Valley Travel adjusts the accounts only at March 31 b. On March 1, River and Valley Travel paid $750 for supplies. Ad March 31, River and Valley Travel has $500 of supplies on hand Make the required journal entry at March 31. Then post all amounts to the accounts and show their balances at March 31 a. Prepare the adjusting journal entry to record the rent expense at March 31. (Record debits first, then credits. Enter explanations on the last line. Round your answers to the nearest d Journal Entry Date Accounts and Explanations Mar 31 Propaid Rand Rent Expense Debit 5000 Credit 5000 To recond rent expense Post the February 1 and March 31 transactions to the following Taccounts Be sure to rain the ending balance of the accessed blank