Part II - Booking Adjustments Now, it is December 31, 2016. For each of the transactions below, write journal entries in a manner that makes it CLEAR which accounts are debited and which are credited. Failure to do this will be rewarded with NO credit. . 9 months of the rent purchased on April 1 has been "used up" . Deal with Annual Depreciation . Deal with Annual Interest on the Note Payable