I have been able to solve most of the problem except for the spaces w/ x's next to them on 2d and 3. Thank you ahead of time.

Exercise 3-50 Prepayment of Expenses DM Inc. made the following prepayments for expense items during 2019 a. Prepaid building rent for 1 year on April 1 by paying $6,600. Prepaid rent was debited for the amount paid. b. Prepaid 12 months' insurance on October 1 by paying $4,200. Prepaid insurance was debited. c. Purchased $5,250 of office supplies on October 15, debiting supplies for the full amount. There were no office supplies on hand as of October 15. Office supplies costing $1,085 remain unused at December 31, 2019 d. Paid $600 for a 12-month service contract for repairs and maintenance on a computer. The contract begins November 1. The full amount of the payment was debited to prepaid repairs and maintenance. Required 1. Prepare journal entries to record the payment of cash for each transaction. April1 Prepaid Rent 6.600 Cash (Record prepayment for rent) 6,600 Oct.1 Prepaid Insurance 4,200 Cash 4,200 (Record the prepayment of insurance) oct. 15 Supplies 5,250 Cash 5.250 (Record the purchase of supplies) Nov.1 Prepaid Repairs and Maintenance 600V Cash 600 Record prepayment of repairs and maintenance) 2. Prepare adjusting entries for the prepayments at December 31, 2019 a. Dec. 31 Rent Expense 4.950v Prepaid Rent 4.950 (Record use of prepaid rent) b. Dec. 31 Insurance Expense 1,050 Prepaid Insurance 1.050 (Record use of prepaid insurance) C. Dec. 31 Supplies E 4,165 4.165 (Record use of supplies) d. Dec. 31 Repairs and Maintenance Expense Prepaid Repairs and Maintenance (Record use of prepaid maintenance) Feedback 3. Conceptual Connection: For all of the above items, assume that the accountant failed to make the adjusting entries. What would be the effect on net income? Overstatedby