Answer the following questions about prepaid expenses: a. On October 1, Paradise Tree Service prepaid $7,200 for six months' rent. Give the adjusting entry to record rent and show their balances at October 31. Paradise adjusts the accounts only at October 31, the end of its fiscal ye b. On October 1, Paradise Tree Service paid $1,100 for supplies. At October 31. Paradise has $800 of supplies on 31. Assume no beginning balance in supplies. a. On October 1, Paradise Tree Service prepaid $7,200 for six months' rent. Give the adjusting entry to record rente show their balances at October 31. Paradise adjusts the accounts only at October 31, the end of its fiscal year, Prepare the adjusting journal entry to record the rent expense at October 31. (Record debits first, then credits. Select Journal Entry Date Accounts and Explanations Debit Credit Oct 31 Rent Expense 1,200 Prepaid Rent 1.200 To record rent expense. Post the October 1 and 31 transactions to the following T-accounts. Be sure to calculate the ending balance of the accou Prepaid Rent Rent Expense Oct 1 7000 Oct 31 1,200 Oct 31 1.200 Bal 5800 Bal 1,200 Jasmine rolland & 10/28/217:14 PM Question 4, S3-7 (similar... Part 2 of 4 HW Score: 71.54%, 14.31 of 20 points Points: 0.77 of 4 Save entry to record rent expense at October 31. Include the date of the entry and an explanation: Thon post all amounts to the two accounts involved he end of its fiscal year $800 of supplies on hand. Make the required journal entry at October 31. Then post all amounts to the accounts and show their balances at October entry to record rent expense at October 31. Include the date of the entry and an explanation. Then post all amounts to the two accounts involved, and bf its fiscal year st, then credits. Select the explanation on the last line of the journal entry table.) Credit