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

1. On October 1. 2023. Dr. Chan prepaid $8.000 for four months of rent.
2. On November 1, 2023. Dr. Chan prepaid $480 to renew the clinic's magazine subscriptions. The subscription is for one year.
3. On December 1, 2023, Dr. Chan pays $3,000 for supplies. At the end of the year. $2,000 of supplies had not been used.