Gym on Wheels Gym on Wheels provides gymnastics lessons at various daycare centers. The transactions for the year 2000 have been recorded in the accounting system. This assignment requires you to prepare adjusting entries for December 2000. Dec. 31 A number of children registered on December 1 and paid the month's fees in advance. These fees totaled $500 and unearned revenue was credited when the fees were paid. Dec. 31 The amount of supplies available at the end of December was $500. The amount of supplies at the beginning of the period was $1,500. Dec. 31 On January 1, 1998, Gym on Wheels had purchased a computer for $2,000. The estimated useful life of the computer is 4 years. Record the depreciation for 2000. Dec. 31 On December 1, 2000, Gym on Wheels had paid $2,400 as rent for a three month period. This had been recorded as prepaid rent. DATE ACCOUNT DEBIT CREDIT 2000 Dec. 31 Dec. 31 Dec. 31 Dec. 31