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Red Rentals Company faced the following situations i Click the icon to view the stations Requirement 1 Joumalize the adjusting entry needed at December 31, 2023, for each situation. Consider each fact separately. (Record debits first, the credits Exclude explanations from any journal entries) More info a. The business has interest expense of $3,500 that it must pay early in January 2024 b. Interest revenue of $4.700 has been came but not yet received c. On July 1, 2023, when the business collected $12.900 rent in advance. It debited Cash and credited Uneamed Ron Revenue. The tenant was paying for two years rent d. Salary expense is $0.500 per dayMonday through Friday and the business pays employees each Friday. This year, December 31 talis on Thursday e. The unadjusted balance of the Supplies account is 53,500. The total cost of supplies on hand is $1,500 1. Equipment was purchased on any of this year at a cost of $180,000. The equipmentul life is five year, There is no residual value Record depreciation for this year and then determine the equipment's book value a. The business has interest expense of $3,500 that it must pay early in January 2024. Accounts Debit Credit a. b. Interest revenue of $4,700 has been earned but not yet received, Accounts Debit Credit b. c. On July 1, 2023, when the business collected $12,900 rent in advance, it debited Cash and credited Uneamed Rent Revenue. The tenant was paying for two years' rent. Accounts Debit Credit C. d. Salary expense is $6,500 per day ---Monday through Friday-and the business pays employees each Friday. This year, December 31 fails on a Thursday Debit Accounts Credit d e. The unadjusted balance of the Supplies account is $3,500. The total cost of supplies on hand is $1,500 Accounts Debit Credit e toument was purchased on January 1 of this year at a cost of $180,000. The equipments useful te is five yours. There is no residual wun. Record depreciation for this year and then determine the equipment's book valve Accounts Debit Credit Determine the equipments book value Euipment book value=