Exercise 2: Prepare the Closing entries for O'Riley Financial Planners (from Exercise 1) on 12/31/2020 DO NOT use an Income Summery account. Date Accounts Debit Credit Exercise 3: A. Tate Corporation received cash of $36,000 on September 1, 2020 for one year's rent in advance and recorded the transaction with a credit to Unearned Rent Revenue. The December 31, 2020 adjusting entry is as follows: [indent the credit account Date Accounts Debit 1 B. Pappy Corporation paid cash of $120,000 on June 1, 2020 for one year's rent in advance and recorded the transaction with a debit to Prepaid Rent. The December 31, 2020 adjusting entry is Debit Credit Date Accounts C. Panda Company purchased equipment on November 1, 2020 and gave 34-month, 9% note with a face value of $80,000. The December 31, 2020 adjusting entry is Debit Credet Date Accounts