Dr. Erica Chan, MD owns EC Health Clinic. She prepares annual financial statements and has a December 31, 2020 year-end. a. On October 1, 2020, Dr. Chan prepaid $9,200 for four months of rent. b. On November 1, 2020, Dr. Chan prepaid $144 to renew the clinic's magazine subscriptions. The subscription is for one year. c. On December 1, 2020, Dr. Chan pays $1,950 for supplies. At the end of the year, $1,300 of supplies had not been used. Required: For the above transactions, record the initial journal entry and the adjusting entry required on December 31, 2020. View transaction list 1 Record prepaid rent. 2 Record rent expense. b. View transaction list 1 Record a prepaid magazine subscription. 2 Record the expiration of the magazine subscriptions. EX C. View transaction list 1 Record the purchase of supplies. 2 Record supplies used. EX EX