Answer the following questions about prepaid expenses: a. On March 1, East and West Tree Service prepaid $7,200 for six 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. East and West adjusts the accounts only at March 31 , the end of its fiscal year. b. On March 1, East and West Tree Service paid $900 for supplies. At March 31, East and West 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. Assume no beginning balance in supplies. a. On March 1, East and West Tree Service prepaid $7,200 for six 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. East and West adjusts the accounts only at March 31 , the end of its fiscal year. Prepare the adjusting journal entry to record the rent expense at March 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)