Prepayment of Expenses JDM Inc. made the following prepayments for expense items during the year: a. Prepaid building rent for 1 year on April 1 by paying $7,272. Prepaid rent was debited for the amount paid. b. Prepaid 12 months' insurance on October 1 by paying $3,660. Prepaid insurance was debited. c. Purchased $4,800 of office supplies on October 15, debiting supplies for the full amount. There were no office supplies on hand as of October 15. Office supplies costing $1,085 remain unused at December 31. d. Paid $528 for a 12-month service contract for repairs and maintenance on a computer. The contract begins November 1. The full amount of the payment was debited to prepaid repairs and maintenance.