Exercise 3-50 Prepayment of Expenses JDM Inc. made the following prepayments for expense items during 2013; a. Prepaid building rent for 1 year on April 1 by paying $6,600. Prepaid rent was debited for the amount paid. b. Prepaid 12 months' insurance on October 1 by paying $4,200. Prepaid insurance was debited. ec. Purchased $5,250 of office supplies on October 15, debiting supplies for the full amount. There were no office supplies on hand as of October 15. Office supplies costing $1,085 remain unused at December 31, 2013, d. Paid $600 for a 12-month service contract for repairs and maintenance on a computer. The contract begins November 1. The full amount of the payment was debited to prepaid repairs and maintenance. OBJEC (Continued)