Homework: Chapter 3 Save Score: 0 of 5 pts 315 (3 complete) HW Score: 0%, 00125 pts E3-22 (book/static) Question Help * Conslder the following independent situations at December 31 (Click the icon to view the situations) Joumaize the adjusting entry neaded on Dacamber 31 frach situation. Use the letters to label the jounal entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. On Octobar 1, a business collected $3,000 rent in advance, dabiting Cash and craditing Uneaned Revenue. The tenant was paying one year's rent in advance. At December 31, the business must account for the amount of rent it has sarned Date Accounts and Explanation Debit Credit (a) Dec. 31 Unearned Revenue /50 Rent Revenue 750 Cash collected for future services Paid cash expenses. To accrue rent revenue. To accrue salarles expense. To racord depreciation on equipment. To recard insurance expense. To record office supplies used To record rent revenue that was collacted in advance