Print 3. Consider the following independent situations at December 31: Click the icon to view the situations.) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the joumal entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. On October 1, a business collected $3,000 rent in advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one year's rent in advance. Al December 31, the business must account for the amount of rent it has earned. Date Accounts and Explanation Debit Credit (a) Dec. 31 b. Salaries expense is $1,800 per dayMonday through Fridayand the business pays employees each Friday. This year December 31 falls on a Thursday. Date Accounts and Explanation Debit Credit (b) Dec. 31 (6) (8) (9) (10) c. The unadjusted balance of the Office Supplies account is $3.000. Office supplies on hand total $1,900. Date Accounts and Explanation Debit Credit (c) Dec. 31 (12) (13) (15) d. Equipment depreciation was $500. Print Date Accounts and Explanation Debit Credit (d) Dec 31 (16) (17) (18) (19) (20) e. On April 1, when the business prepaid $4,320 for a two-year insurance policy, the business debited Prepaid Insurance and credited Cash. Date Accounts and Explanation Debit Credit (e) Dec. 31 (21) (22) (23) (24) (25) 3: More Info a. b. c. d. e. On October 1, a business collected $3,000 rent in advance, debiting Cash and crediting Unearried Revenue. The tenant was paying one year's rent in advance. On December 31, the business must account for the artiount of rent it has earned Salaries expense is $1,800 per day-Monday through Friday and the business pays employees each Friday. This year December 31 falls on a Thursday The unadjusted balance of the Office Supplies account is $3,000. Office supplies on hand total $1,900. Equipment depreciation was $500. On April 1, when the business prepaid $1,320 for a two-year insurance policy, the business debited Prepaid Insurance and credited Cash. (1) O O Accounts Receivable Accumulated Depreciation-Equipment Cash Depreciation Expense-Equipment O Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance Rent Revenue Salaries Expense Salaries Payable Supplies Expense Unearned Revenue (2) O O Accounts Receivable Accumulated Depreciation-Equipment Cash Depreciation Expense-Equipment O Insurance Expense Interest Expense O Interest Payable Office Supplies O Prepaid Insurance O Rent Revenue Salaries Expense O Salaries Payable Supplies Expense Unearned Revenue (3) Print Accounts Receivable Accumulated Depreciation Equipment Cash Depreciation Expense-Equipment O Insurance Expense Interest Expense O Interest Payable Office Supplies O Prepaid Insurance O Rent Revenue Salaries Expense O Salaries Payable Supplies Expense Unearned Revenue (4) O O Accounts Receivable O Accumulated Depreciation O Cash Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance Rent Revenue Salaries Expense O Salaries Payable Supplies Expense Unearned Revenue Equipment To record rent revenue that was collected in advance. (5) O O Cash collected for future services. O Paid cash expenses. To accrue rent revenue. To accrue salaries expense. To record depreciation on equipment. To record insurance expense. To record office supplies used. (6) O Accounts Receivable Accumulated Depreciation-Equipment O Cash Depreciation Expense-Equipment O Insurance Expense Interest Expense Interest Payable Office Supplies Prepaid Insurance O Rent Revenue Salaries Expense Salarles Payable Supplies Expense Unearned Revenue (7) O Accounts Receivable Accumulated Depreciation Equipment O Cash Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance Rent Revenue O Salaries Expense Salaries Payable Supplies Expense Unearned Revenue (8) O Accounts Receivable Accumulated Depreciation Equipment O Cash O Depreciation Expense-Equipment O Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance O Rent Revenue O Salarles Expense O Salaries Payable O Supplies Expense Unearned Revenue (9) O Accounts Receivable O Accumulated Depreciation Equipment O Cash O Dapreciation Expense-Equipment O Insurance Expense Interest Expense O Interest Payable Office Supplies O Prepaid Insurance O Rent Revenue Salaries Expense O Salaries Payable Supplies Expense Unearned Revenue To record rent revenue that was collected in advance. (10) O O Cash collected for future services. O Paid cash expenses. To accrue rent revenue. To accrue salaries expense. To record depreciation on equipment. To record insurance expense. To record office supplies used. Print (11) O O Accounts Receivable Accumulated Depreciation O Cash Depreciation Expense-Equipment Insurance Expanse Interest Expense O Interest Payable Equipment Office Supplies O Prepaid Insurance O Rent Revenue Salaries Expense O Salaries Payable Supplies Expense Unearned Revenue (12) O Accounts Receivable O Accumulated Depreciation Equipment O Cash Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance O Rent Revenue O Salaries Expense O Salaries Payable Supplies Expense Unearned Revenue (13) O O Accounts Receivable O Accumulated Depreciation Equipment O Cash Depreciation Expense-Equipment O Insurance Expense Interest Expense Interest Payable Office Supplies Prepaid Insurance O Rent Revenue Salaries Expense O Salaries Payable Supplies Expense Unearned Revenue (14) O O Accounts Receivable O Accumulated Depreciation Equipment O Cash O Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance O Rent Revenue Salaries Expanse O Salaries Payable Supplies Expense Unearned Revenue To record rent revenue that was collected in advance. (15) O O Cash collected for future services. O Paid cash expenses. To accrue rent revenue. To accrue salaries expense. To record depreciation on equipment. To record insurance expense. To record office supplies used. (16) O Accounts Receivable Accumulated Depreciation-Equipment O Cash Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance O Rent Revenue Salaries Expense O Salarles Payable Supplies Expense Unearned Revenue (17) O O Accounts Receivable Accumulated Depreciation O Cash Depreciation Expense-Equipment O Insurance Expanse Interest Expense Interest Payable Office Supplies O Prepaid Insurance Rent Revenue Salaries Expense Salaries Payable Supplies Expense O Unearned Revenue Equipment (18) O Accounts Receivable Accumulated Depreciation-Equipment O Cash Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance O Rent Revenue Salaries Expense O Salaries Payable Supplies Expense Unearned Revenue Print (19) O Accounts Receivable O Accumulated Depreciation Equipment O Cash Depreciation Expense-Equipment Insurance Expense Interest Expense O Interest Payable Office Supplies O Prepaid Insurance Rent Revenue O Salaries Expense O Salaries Payable Supplies Expense Unearned Revenue O To record rent revenue that was collected in advance. (20) O O Cash collected for future services. O Pald cash expenses. To accrue rent revenue. To accrue salaries expense. To record depreciation on equipment To record Insurance expense. To record office supplies used. (21) O Accounts Receivable O Accumulated Depreciation O Cash O Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance O Rent Revenue Salaries Expense O Salaries Payable Supplies Expense Unearned Revenue Equipment (22) O Accounts Receivable O Accumulated Depreciation O Cash Depreciation Expense-Equipment O Insurance Expense Interest Expense Interest Payable Office Supplies Prepaid Insurance O Rent Revenue Salaries Expense O Salaries Payable Supplies Expense Unearned Revenue Equipment (23) O Accounts Receivable O Accumulated Depreciation-Equipment Cash Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies O Prepaid Insurance O Rent Revenue Salaries Expanse O Salaries Payable Supplies Expense Unearned Revenue (24) O Accounts Receivable Accumulated Depreciation-Equipment O Cash Depreciation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies Prepaid Insurance O Rent Revenue Salaries Expanse O Salaries Payable Supplies Expense Unearned Revenue To record rent revenue that was collected in advance. (25) O O Cash collected for future services. O Paid cash expenses. To accrue rent revenue. To accrue salaries expense. To record depreciation on equipment. To record insurance expense. To record office supplies used