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On June 1, 2021, XYZ rented a warehouse from ABC Company for $3,000 per month, paying $30,000 in advance. Copy the entire question(1, 2 and

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On June 1, 2021, XYZ rented a warehouse from ABC Company for $3,000 per month, paying $30,000 in advance. Copy the entire question(1, 2 and 3) along with the tables below to answer in the same format 1.) Prepare the adjusting entry for XYZ on 12/31/21 if the original entry was recorded to a temporary account and no additional entries have been made for the year associated with this transaction. (3 pts) 2.) Prepare the adjusting entry for XYZ on 12/31/21 if the original entry was recorded to a permanent account and no additional entries have been made for the year associated with this transaction. (3 pts) 3.) Prepare the adjusting entry if the unadjusted trial balance for ABC as of 12/31/21 shows a balance of $8,000 in unearned rent revenue. If no adjusting entry is required, write no entry required. (4 pts)

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