Check my w Required information [The following information applies to the questions displayed below.] The following are transactions for the Sky Blue Corporation: a. Collected $2,400 rent for the period October 1 to December 31, which was credited to Deferred Revenue on October 1 b. Paid $1,200 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount. c. Used a machine purchased on October 1 for $48,000. The company estimates annual depreciation of $4,800. Required: For each of the above transactions for the Sky Blue Corporation, prepare the adjusting journal entries required on October 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) For each of the above transactions for the Sky Blue Corporation, prepare the adjusting journal entries required on October 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list X 1 Record the rent revenue earned during October. 2 Record the insurance expense for October. i 3 Record the depreciation for the month of October. Credit Record the rent revenue earned during October. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal CD 1 2 > Record the insurance expense for October Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal Record the depreciation for the month of October Note: Enter debits before credits. Transaction General Journal Debit Credit C. Record entry Clear entry View general journal