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For each of the following transactions for the Sky Blue Corporation, prepare the adjusting journal entries required on October 31. (If no entry is required

For each of the following transactions for the Sky Blue Corporation, prepare the adjusting journal entries required on October 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. Collected $3,750 rent for the period October 1 to December 31, which was credited to Unearned Revenue on October 1. b. Paid $2,280 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount. c. Used a machine purchased on October 1 for $53,400. The company estimates annual depreciation of $5,340.

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