Chapter 3 Homework Prepayment of Exper 10M Inc. made the folowing prepephants he expense teme during the year 3. Prepad building rent for 1 year on Apr 1 by paying $5,480 reped rent was debited for the amount paid Prepaid 12 month insurance on October 1 by paying $3.192. Prepaid insurance wi Purchased $5,450 of office supplies on October 15, debiting supplies for the full amount. There were no office supplies on hand as of October 15 Office supplies casting $1,085 remain unused at December 31 d. Paid $600 for a 12-month service contract for repairs and maintenance on a computer. The contract begins November 1. The full amount of the perment was debited to prepaid repairs and maintenance Required 1. Press journal entries to record the payment of cash for each transaction. If an amount box does not require an entry, 0015 Cash- AIN LIN SAV Waspsis and Maintenance 2. Per adjuting entries for the prepayments at December 31. If an amount box does not require an entry, leave it sta Dw. 31 Rent Exp Previous