On July 1, 2015, Charlie Co. paid $18,000 to Rent-An-Office for rent covering 18 months from July 2015 through December 2016. What adjusting entry should Charlie Co. record on December 31, 2015. Option a. Option b. Option c. Option d. Allen Inc. took out a 1-year, 8%, $100,000 loan on March 31, 2015. Interest is due upon maturity of the loan. The loan and interest must be paid back on March 31, 2016. As of December 31, 2015, what amount, if any, should Allen Inc. report for interest payable? $6,000. $2,000. $0. $8,000. Yummy Foods purchased a one-year hazard insurance policy on August 1 and recorded the $4,200 premium to prepaid insurance. At its December 31 year-end, Yummy Foods would record which of the following adjusting entries? Option a. Option b. Option c. Option d