KAM Journ a. De Independent Cases a. Details of Prepaid Rent are shown in the account: Prepaid Rent Jan. 1 Bal. 5,700 Mar. 31 11,400 Sep. 30 11,400 Cons Reco ine.) Reliable 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. Reliable 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 $1,800 from employees' loans, which it will receive next year. c. The beginning balance of Supplies was $6,900. During the year, the company purchased supplies costing $28,000, and at December 31 the inventory of supplies remaining on hand is $6,500. d. Reliable Construction is installing cable in a large building, and the owner of the building paid Reliable Construction $46,000 as the annual service fee. Reliable Construction recorded this amount as Unearned Service Revenue. Pam Dubuque, the general manager, estimates that the company has earned one-fourth of the total fee during the current year. - X