Dr$.$ Erica Chan, MD owns EC Health Clinic. She prepares annual financial statements and has a December $31,2023$ year$-$end.

On October $1,2023,$ Dr$.$ Chan prepaid $$9,900$ for four months of rent.

On November $1,2023,$ Dr$.$ Chan prepaid $$312$ to renew the clinic$$s magazine subscriptions. The subscription is for one year.

On December $1,2023,$ Dr$.$ Chan pays $$3,075$ for supplies. At the end of the year, $$2,050$ of supplies had not been used.

Required:

For the above transactions, record the initial journal entry and the adjusting entry required on December $31,2023.$