Journalizing adjusting entries

Consider the following independent situations at December 31.

On August1, a business collected $3,300 rent in advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one years rent in advance. On December 31, the business must account for the amount of rent it has earned.

Salaries expense is $1,700 per dayMonday through Fridayand the business pays the employees each Friday. This year December 31 falls on a Thursday.

The unadjusted balance of the Office Supplies account is $3,500. Office Supplies on hand total $1,700.

Equipment depreciation was $300

On March 1, when the business prepaid $600 for a two-year insurance policy, the business debited Prepaid Insurance and credited Cash.

Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries.