Current Attempt in Progress

A review of the accounts of Skysong Accountants reflected the following transactions, which may require adjustment for the year

ended December $31,2023.$

The Prepaid Rent account shows a debit of $$9,600$ paid October $1,2023,$ for a one$-$year lease that started on that day.

On November $1,2023,$ Service Revenue was credited for $$2,540$ that was paid by a client for audit services to be performed

in January.

On June $1,2023,$ a cheque in the amount of $$17,280$ was issued for a two$-$year insurance policy starting on June $1,2023.$ The

amount was charged to Insurance Expense.

$$32,400$ was received, and recorded as a note payable on July $1,2023.$ It matures on July $1,2024,$ and has an interest rate of

$10\%.$

$($a$)$

Prepare the adjusting entry for each item. $($List all debit entries before credit entries. Credit account titles are automatically indented

when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the

amounts.$)$

No$.$ Account Titles and Explanation

Credit