Folton Truck Rentals Company faced the following situations. Requirement 1. Journalize the adjusting entry needed at December 31, 2014, for each situation. Consider each fact separately. (Record debits first, then credits. Exclude explanations from any journal entries.) a. The business has interest expense of $3,500 that it must pay early in January 2015. a. The business has interest expense of $3,500 that it must pay early in January 2015. b. Interest revenue of 4,800 has been earned but not yet received. c. On July 1, 2014, when the business collected 12,600 rent in advance, it debited Cash and credited Unearned Rent Revenue. The tenant was paying for two years' rent. d. Salary expense is 5,500 per daylong dashMonday through Friday long dashand the business pays employees each Friday. For the purpose of this calculation, assume December 31 falls on a Thursday. e. The unadjusted balance of the Supplies account is $3,500. The total cost of supplies on hand is $ 1 comma 400. $1,400. f. Equipment was purchased at the beginning of this year at a cost of $200,000. The equipment's useful life is five years. There is no residual value. Record depreciation for this year and then determine the equipment's book value.