Below are three independent and unrelated errors.

a.	On December 31, 2015, Wolfe-Bache Corporation failed to accrue office supplies expense of $2,300. In January 2016, when it received the bill from its supplier, Wolfe-Bache made the following entry:

Office supplies expense	2,300
Cash		2,300

b.	On the last day of 2015, Midwest Importers received a $100,000 prepayment from a tenant for 2016 rent of a building. Midwest recorded the receipt as rent revenue.
c.	At the end of 2015, Dinkins-Lowery Corporation failed to accrue interest of $9,000 on a note receivable. At the beginning of 2016, when the company received the cash, it was recorded as interest revenue.

Required:

For each error:

1.	What would be the effect of each error on the income statement and the balance sheet in the 2015 financial statements?

2.	Prepare any journal entries each company should record in 2016 to correct the errors. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)