Answer the following questions about prepaid expenses: a. On June 1, Blue and Green Travel Ltd. prepaid 55,600 for three months' rent Give the adjusting entry to record rent expense at July 31. Include the date of the entry and an explanation. Then post all amounts to the two accounts involved and show their balances at July 31. Blue and Green Travel adjusts the accounts only at July 31 b. On July 1, Blue and Green Travel paid $750 for supplies. At July 31, Blue and Green Travel has $520 of supplies on hand. Make the required journal entry at July 31. Then post all amounts to the accounts and show their balances at July 31. a. Prepare the adjusting journal entry to record the rent expense at July 31. (Record debits first, then credits. Enter explanations on the last line. Round your answers to the nearest dollar.) Journal Entry Debit Accounts and Explanations Credit Date Jul 31 Choose from any list or enter any number in the input fields and then continue to the next