Present the adjusting entries that would be made on the December 31, 2023, the end of the fiscal year.

(1) Supplies on December 31, 2022 was $9000. Supplies costing 15,000 purchased in cash on Sep 30th 2023. Account on December 31, 2023 indicated that supplies on hand up 8000. there was no order transaction related to supplies during the fiscal year ending December 31, 2023. Provide adjusting entry for supply on Dec 31 2023

(2) on May 1, 2023, $18,000 of cash was collected as rent for one year (up to April 30, 2024), and the same amount was credited as unearned rent revenue. Provide the Adjusting entry for December 31, 2023.