Problem 13.5A (Algo) Journalizing adjusting and reversing entries. LO 13-4, 13-7 The data below concerns adjustments to be made at Coffee Bean Importers Adjustments a. On November 1, 20x1, the firm signed a lease for a warehouse and paid rent of $15.300 in advance for a six-month period. b. On December 31, 20x1, an inventory of supplies showed that items costing $1760 were on hand. The balance of the Supplies account was $10,720 c. A depreciation schedule for the firm's equipment shows that a total of $7.400 should be charged off as depreciation in 20x1 d. On December 31, 20X1, the firm owed salaries of $3,600 that will not be paid until January 20X2 e. On December 31, 20X1, the firm owed the employer's social security (6.2 percent) and Medicare (1.45 percent) taxes on all accrued salaries f. On September 1, 20X1, the firm received a five-month, 6 percent note for $3700 from a customer with an overdue balance Required: 1. Record the adjusting entries in the general journal as of December 31, 20x1 2. Record reversing entries in the general journal as of January 1, 20x2 Analyze After the adjusting entries have been posted, what is the balance of the Prepaid Rent account on January 1, 20x2? Complete this question by entering your answers in the tabs below. Req 1 to 2 Analyze Record adjusting entries in the general journal as of December 31, 2001 and reversing entries as of January 1, 20x2. (Round your answers to 2 dedmal places) View transaction list Journal entry worksheet 5