Part E. Burbank, Inc. rented office space from Torrance, Inc. on September 1, 2012. The rental term was for six (6) months and the monthly rent was $3. Burbank prepaid all six-months rent on September 1, 2012. The two firms journalized the transaction as follows:

Burbank, Inc.

Date	Accounts	Debit	Credit
9/1/12	Prepaid rent	18
	Cash		18

Torrance, Inc.

Date	Accounts	Debit	Credit
9/1/12	Cash	18
	Unearned rent revenue		18

Required: Assume each companys fiscal year ends on December 31, 2012. Make the necessary adjusting entries in the journals provided below.

Burbank, Inc.

Date	Accounts	Debit	Credit
12/31/12

Torrance, Inc.

Date	Accounts	Debit	Credit
12/31/12