Problem 4-3 The information from Problem 4-1 regarding the original transactions during the year that involved either pre-payments or collections in advance is provided below. a. On January 1, Bryant Company had $200 of supplies on hand. On January 15, they purchased $3,000 more of supplies. b. On April 1, Bryant Company paid $18,000 for a one-year insurance policy covering April 1, 2020- March 31 2021 c. On May 31, Bryant borrowed $25,000 from the bank. The loan is a 2-year loan with a 4% interest rate. d. On August 31, Davis CPA paid Bryant Company $9,600 for 6 months of rent. The rental period begins on September 1. e. On November 1, Bryant Company paid Molly Maids $2,400 for 3 months of cleaning services running through January 31, 2021. f. On December 1, a new renter paid Bryant Company $6,600 to rent an office space for the next 12 months. You have already prepared the journal entries for the transactions during the year in Problem 4-1. These journal entries are shown here. Date Account 1/15 Supplies Cash To record purchase of supplies 4/1 Prepaid Insurance Cash To record purchase of 1 year insurance policy 5/31 Cash Notes Payable Record 2-year, 4% loan 8/31 Cash Unearned Revenue To record receipt of 6 months rent in advance 11/1 Prepaid Cleaning Services Cash Debit Credit 3,000 3,000 18,000 18,000 25,000 25,000 9,600 9,600 2,400 2,400