Jenkins Motor Company faced the following situations. Journalize the adjusting

entry needed at December 31,20X8,for each situation. Explanations are notrequired.

a. The business has interest expense of $9,200 that it must pay early in January 20X9.

b. On July 1,when we collected $12,600 rent in advance, we debited cash and

credited Unearned Revenue. The tenant was paying us for two years' rent.

c. Salary expense is $1,900 per day--Monday through Friday--and the business paysemployees each Friday. This year,December 31 falls on a Wednesday.

d. The unadjusted balance of the Supplies account is $2,600. The total cost of

supplies on hand is $1,200.

e.Equipment was purchased at the beginning of this year at a cost of $160,000.Theequipment's useful life is five years. There is no residual value. Recorddepreciation for this year and then determine the equipment's carrying amount.