Consider the following independent situations at December 31: (Click the icon to view the situations.) Journalize the adjusting entry needed on December 31 for each situation Use the letters to label the journal entries (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. On October 1, a business collected $6,000 rent in advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one year's rent in advance. At December 31, the business must account for the amount of rent it has earned Date Debit Credit (a) Dec 31 Accounts and Explanation Uneared Revenue Rent Revenue 1,500 1,500 To record rent revenue that was collected in advance. b. Salaries expense is $2,000 per day -- Monday through Friday-and the business pays employees each Friday. This year December 31 falls on a Thursday. Debit Credit Date (b) Dec 31 Accounts and Explanation Uneamed Revenue Rent Revenue 8000 8000 More Info - X To record rent revenue that was collected in advance a. On October 1, a business collected $6,000 rent in advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one year's rent in advance. On December 31, the business must account for the amount of rent it has earned b. Salaries expense is $2,000 per day Monday through Friday--and the business pays employees each Friday. This year December 31 fails on a Thursday c. The unadjusted balance of the Office Supplies account is $2.400 office supplies on hand total $1.700 d. Equipment depreciation was $600, e. On July 1, when the business prepaid $4,320 for a two-year insurance policy, the business debited Prepaid Insurance and credited Cash Choose from any list or enter any number in the input fields and then click 3 parts remaining Print Done