Help Saved 30 July Dr. Erica Chan, MD owns EC Health Clinic She prepares annual financial statements and has a December 31, 2020 year-end. a. On October 1, 2020, Dr. Chan prepaid $5,600 for four months of rent b. On November 1, 2020, Dr. Chan prepaid $228 to renew the clinic's magazine subscriptions. The subscription is for one year. c. On December 1, 2020, Dr. Chan pays $2,475 for supplies. At the end of the year, $1,650 of supplies had not been used. Required: For the above transactions, record the initial journal entry and the adjusting entry required on December 31, 2020. a. View transaction list