Pay attention to the directions.

justing entries for the year ended December 31, for each of these sume that prepaid expenses are initially recorded in asset accounts and that 1. (15 Points) Prepare adj separate situations. As fees collected in advance are initially record a. The Prepaid Rent account has a debit balance of $8,000 before adjustment, representing a prepayment for four months' rent made on December 1 of the current year b. One-third of the work related to $18,000 of cash received this period c. Unpaid accrued salaries at December 31 amounts to $15,000 d. W previously billed or recorded e. Estimated depreciation on office equipment is $27,000 ed as liabilities. in advance was performed during ork was completed for a client on December 31 in the amount of $21,000, but was not DEBIT CREDIT DATE Gener Journel 2,00o Dee 3 hent expem fent expenie for DeL 31nearned revenve rluenua Sala Payable 3 I Accounts recei vabk revenve tos tervises Carned revenve