Creating T-accounts for the following transactions:

Journalize the adjusting entry needed at December 31, 2016, for each situation. Consider each fact separately. a. The business has interest expense of $3, 300 that it must pay early in January 2017. Interest revenue of $4, 300 has been earned but not yet received. On July 1, 2016, when the business collected $13, 600 rent in advance, it debited Cash and credited Unearned Rent Revenue. The tenant was paying for two years' rent. Salary expense is $6, 500 per day-Monday through Friday-and the business pays employees each. Friday For the purpose of this calculation, assume December 31 falls on a Thursday The unadjusted balance of the Supplies account is $3, 100. The total cost of supplies on hand is $1,000 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