Answer the following questions about prepaid expenses: a. On October 1, River and Valley Tree Service prepaid $6,600 for six months' rent. Give the adjusting entry to record rent expense at October 31 involved and show their balances at October 31. River and Valley adjusts the accounts only at October 31, the end of its fiscal year. b. On October 1, River and Valley Tree Service paid $900 for supplies. At October 31, River and Valley has $700 of supplies on hand. Make the re balances at October 31. Assume no beginning balance in supplies. a. On October 1, River and Valley Tree Service prepaid $6,600 for six months' rent. Give the adjusting entry to record rent expense at October 31 involved, and show their balances at October 31. River and Valley 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 the explanation on the last linn Journal Entry Date Accounts and Explanations Debit Credit Oct 31 Post the October 1 and 31 transactions to the following T-accounts. Be sure to calculate the ending balance of the accounts Post the October 1 and 31 transactions to the following T-accounts. Be sure to calculate the ending balance of the accounts Prepaid Rent Rent Expense Bal Bal b. On October 1, River and Valley Tree Service paid $900 for supplies. At October 31, River and Valley has $700 of supplies on hand. Maket at October 31. Assume no beginning balance in supplies. Preparo the adjusting journal entry to record the supplies expense at October 31. (Record debits first, then credits. Select the explanation on t Journal Entry Accounts and Explanations Date Debit Credit Oct 31 Post the October 1 and 31 transactions to the following T-accounts. Be sure to calculate the ending balance of the accounts Supplies Supplies Expense Bal Bal