Each of the following independent events requires a year-end adjusting entry.

1. Paid $9,400 cash in advance on July 1 for a one-year lease on office space.
2. Purchased $3,300 of supplies on account on April 15. At year-end, $310 of supplies remained on hand.
3. Received a $8,600 cash advance on July 1 for a contract to provide services for one year beginning immediately.
4. Paid $3,800 cash in advance on February 1 for a one-year insurance policy.

Required Record each event and the related adjusting entry in general journal format. The first event is recorded as an example. Assume a December 31 closing date. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Date	Account Titles	Debit	Credit
July 1	Prepaid rent	9,400
	Cash		9,400
Dec. 31	Rent Expense (9,400 6/12)	4,700
	Prepaid rent		4,700