Clark Rentals Company faced the following situations, Click the loon to view the situations.) Requirement 1. Joumalize the adjusting entry needed at December 31, 2020, for each situation. Consider each fact separately record debits first, the credits. Exclude explanations from any jumal entries) a. The business has interest expense of $3,200 that it must pay early in January 2021. Journal Entry Accounts Debit Credit b. Interest revenue of $4,000 has been earned but not yet roved Journal Entry Accounts Debit Credit b c. On July 1, 2020, when the business collected $12,900 rent in advance, it debited Cash and credited Uneared Rent Revenue. The art was paying for two years rent Journal Entry Choose from any ist or enter any number in the input fields and then continue to the next question Clark Rentals Company faced the following situations (Click the icon to view the situations.) Requirement 1. Journalize the adjusting entry needed at December 31, 2020, for each situation. Consider each fact separately Record debits first, then credits. Exclude explorations from any journal entries) c. On July 1, 2020, when the business collected $12,900 ront in advance, it debited Cash and credited Uneamed Rent Revenue. The tenant was paying for two years' rert Journal Entry Accounts Debit Credit d. Salary expense is $5,600 per day Monday through Friday and the business pays employers each Friday. This year, December 31 ils on a Thursday Journal Entry Accounts Debit Credit d e. The unadjusted balance of the Supplies account is $2,900. The total cost of supplies on hand $1,500. Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question w the following situations (Click the icon to view the situations.) Requirement 1. Journalize the adjusting entry needed at December 31, 2020, for each situation. Consider each fact separately. (Record debts first, the credits. Exclude explanations from any jumal er e. The unadjusted balance of the Supplies account is $2,900. The total cost of supplies on hand is $1,500. Journal Entry Accounts Debit Credit f. Equipment was purchased on January 1 of this year a cost of $120,000. The equipment's usefule is five years. There is no residual value. Record depreciation for this year and then determine Journal Entry Accounts Debit Credit f. Determine the equipment's book value The equipment's book value is $ Choose from any list or enter any number in the input fields and then continue to the next question amber 31, 2020, for each situation. Consider each fact separately. (Record debits first, then credits. Exclude explanations from any journal $2,900. The total cost of supplies on hand is $1,500. More Info a. The business has interest expense of $3,200 that it must pay early in January 2021. b. Interest revenue of $4,000 has been earned but not yet received. c. On July 1, 2020, when the business collected $12,900 rent in advance, it debited Cash and credited Uneamed Rent Revenue. The tenant was paying for two years' rent. d. Salary expense is $5,600 per day Monday through Fridayand the business pays employees each Friday. This year, December 31 falls on a Thursday. e. The unadjusted balance of the Supplies account is $2,900. The total cost of supplies on hand is $1,500. f. Equipment was purchased on January 1 of this year at a cost of $120,000. The equipment's useful life is five years. There is no residual value. Record depreciation for this year and then determine the equipment's book value. at dete Print Done