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ecember 31: i More Info a. On July 1, a business collected $6,600 rent in advance, debiting Cash and crediting Unearned Revenue. The tenant was

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ecember 31: i More Info a. On July 1, a business collected $6,600 rent in advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one year's rent in advance. On December 31, the business must account for the amount of rent it has earned. b. Salaries expense is $1,300 per dayMonday through Friday-and the business pays employees each Friday. This year December 31 falls on a Thursday. c. The unadjusted balance of the Office Supplies account is $2,600. Office supplies on hand total $1,800 d. Equipment depreciation was $200. On October 1, when the business prepaid $6,000 for a two-year insurance policy, the business debited Prepaid Insurance and credited Cash. e. da Print Done in the input fields and then continue to the next question Pansider the following independent situations at December 313 Click the loon to view the situations) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. Record boots fra then credia Selict the pluranon on the last time at se uma enoy table 1. On July 1 a business collected $6.000 rent in advance, debiting Cash and crediting Uneamed Revenus. The terunt was paying one years pont in avance. Ar December 31. des far account for the amount ofront has camed Date Accounts and Explanation Debit Credit (0) Dec 31 To Detta Thunday b. Salaries expense is $1,300 per day-Monday through Fridayand the business pays employees each Friday. This year December 31 fails on a Thursday Date Accounts and Explanation Debit Credit (b) Dec 31 c. The unadjusted balance of the Office Supplies account is $2,600. Office supplies on hand total $1,800. Date Accounts and Explanation Debit Credit (c) Dec. 31 d. Equipment depreciation was $200. Date Accounts and Explanation Debit Credit (d) Dec. 31 e. On October 1, when the business prepaid $6,000 for a two-year insurance policy, the business debited Prepaid Insurance and credited Cash. Date Credit Accounts and Explanation Debit (o) Dec. 31

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