K Joumalize the adjusting entry needed on December 31, the company's year-end, for each of the following independent cases affecting Sturdy Construction (Click the icon to view the independent cases.) a. Details of the Prepaid Rent account reveal a beginning balance of $5,500 and debits to the account on March 31 of $11,000 and on September 30 of $11,000 Sturdy Construction pays office rent semiannually on March 31 and September 30. At December 31, part of the last payment is still available to cover January to March of the next year. Record the rent expense for the year ended December 31. No rent expense was recorded during the year. (Record debits first, then credits. Enter explanations on the last line.) Date Dec. 31 Journal Entry Accounts Debit Credit st Independent Cases a. Details of Prepaid Rent are shown in the account Prepaid Rent Jan. 1 Bal 5,500 Mar 31 Sep 30 11,000 11,000 X possible t(s) possible Resume later Submit test es affecting Sturdy Construction: Sturdy Construction pays office rent semi-annually on March 31 and September 30. At December 31. part of the last payment is still available to cover January to March of the next year. No rent expense was recorded during the year, b. Sturdy Construction has lent money to help employees find housing, receiving notes receivable in return. During the current year, the entity has earned interest revenue of $1,400 from employees' loans, which it will receive next year. c. The beginning balance of Supplies was $5,900. During the year, the company purchased supplies costing $30,000, and at December 31 the inventory of supplies remaining on hand is $7,100. d. Sturdy Construction is installing cable in a large building, and the owner of the building paid 000 and on September 30 of $11,000. nt is still available to cover January to first, then credits. Enter explanations On list on 4 on 5 on 6 K 31, part or the last payment is so avanace 10 cover January to Marc of the Ext year. No re expense was recorded during the year. b. Sturdy Construction has lent money to help employees find housing, receiving notes receivable in return. During the current year, the entity has earned interest revenue of $1,400 from employees' loans, which it will receive next year. c. The beginning balance of Supplies was $5,900. During the year, the company purchased supplies costing $30,000, and at December 31 the inventory of supplies remaining on hand is $7,100. d. Sturdy Construction is installing cable in a large building, and the owner of the building paid Sturdy Construction $48,000 as the annual service fee. Sturdy Construction recorded this amount as Unearned Service Revenue. Pam Dubuque, the general manager, estimates that the company has eamed 30 percent of the total fee during the current year. e. Sturdy Construction pays its employees each Friday. The amount of the weekly payroll is $5,000 for a five-day workweek, and the daily salary amounts are equal. The current accounting period ends on Monday. f. Amortization expenses for the current year includes Equipment, $16,000, and Trucks, $39,000. Record this as a compound entry. Submi os affecting Sturdy Constructi 000 and on September 30 a nt is still available to cover- first, then credits. Enter a. Details of the Prepaid Rent account reveal a beginning balance of $5,500 and debits to the account on March 31 of $11,000 and on September 30 of $11,000. Sturdy Construction pays office rent semiannually on March 31 and September 30. At December 31, part of the last payment is still available to cover January to March of the next year. Record the rent expense for the year ended December 31. No rent expense was recorded during the year. (Record debits first, then credits. Enter explanations on the last line.) Date Dec. 31 Journal Entry Accounts Debit Credit b. Sturdy Construction has lent money to help employees find housing, receiving note receivable in return. During the current year, the entity has earned interest revenue of $1,400 from employees' loans, which it will receive next year. Record the interest revenue earned during the current year. Date Doc. 31 Journal Entry Accounts Debit Credit aining: 02:30:58 c. The beginning balance of Supplies was $5,900. During the year, the company purchased supplies costing $30,000, and at December 31, the inventory of supplies remaining on hand is $7,100. Record the supplies expense for the year. Date Journal Entry Accounts Debit Credit Dec. 31 Time Remaining: 02:30:40 Most d. Sturdy Construction is installing cable in a large building, and the owner of the building paid Sturdy Construction $48,000 as the annual service fee. Sturdy Construction recorded this amount as Unnamed Service Revenue. Pam Dubuque, the general manager, estimates that the company has earned 30 percent of the total fee during the current year. Record the service revenue earned at December 31. Date Dec. 31 Journal Entry Accounts Debit Credit Time Remaining: 02:30:28 Next e. Sturdy Construction pays its employees each Friday. The amount of the weekly payroll is $5,000 for a five-day workweek, and the daily salary amounts are equal The current accounting period ends on Monday Record the accrual for salaries at December 31 Dec Date 31 Journal Entry Accounts Debit Credit f. Amortization for the current year includes Equipment, $16,000 and Trucks, $39,000. Record this as a compound entry Hint. This means include all the accounts in one journal entry. Record the compound entry to record the amortization Date: Dec 31 Journal Entry Accounts Debit Credit Time Remaining: 02:29:58