Answer the following questions about prepaid expenses: a. On October 1, Blue and Green Tree Service prepaid $5,400 for six months' rent Give the adjusting 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 show their balances at October 31. Blue and Green adjusts the accounts only at October 31, the end of its fiscal year. b. On October 1, Blue and Green Tree Service paid $1,100 for supplies. At October 31, Blue and Green has $500 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 31. Assume no beginning balance in supplies. 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 Oct Oct Bal