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Information related to Byner Company is provided below. The company prepares adjusting entries and financial statements annually, and their year-end is December 31st. a) On

Information related to Byner Company is provided below. The company prepares adjusting entries and financial statements annually, and their year-end is December 31st. a) On October 1st the company received $16,000 for an 8-month sub-rental beginning on that date. When the cash was received on October 1st, the company credited Unearned Rent Revenue. What would be the required adjusting entry on December 31st? b) Use the same scenario as (a) above, but assume the company credited Rent Revenue for $16,000 on October 1st. What would be the required adjusting entry on December 31st? c) On January 2nd the company paid $800 for the purchase of supplies, and the Supplies account was debited on that date. On December 31st, Supplies of $290 were on hand. What would be the required adjusting entry on December 31st? d) Use the same scenario as (c) above, but assume the company originally debited the Supplies Expense account at the time the supplies were purchased. What would be the required adjusting entry on December 31st? e) On August 1st, the company purchased and paid for a 1-year fire insurance policy for $5,280. Assume they debited Prepaid Insurance on the date the policy was purchased. What would be the required adjusting entry on December 31st? f) Use the same scenario as (e) above, but assume the company debited Insurance Expense on August 1st. What would be the required adjusting entry on December 31st? g) The company provided services for a customer on June 1st. The services were valued at $8,000 and the customer signed a one-year, 6% note promising to pay the entire balance on May 31st the following year. For this problem, provide journal entries for these three dates: June 1st, December 31st (the adjusting entry), and the following May 31st. (FYI: Assume the customer paid in full on May 31st.)

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