Current Attempt in Progress

At the end of 2020, Concord Corporation made four adjusting entries for the following items: 1. Depreciation expense, $25500. 2. Expired insurance, $2230 (originally recorded as prepaid insurance.) 3. Interest payable, $5700. 4. Rent receivable, $10100. In the normal situation, to facilitate subsequent entries, the adjusting entry or entries that may be reversed is (are)

Entry No. 2, No. 3 and No. 4.

Entry No. 3 and No. 4.

Entry No. 3 only.

Entry No. 4 only.