Question 3 Prepare general journal entries on December 31 to record the following unrelated year- end adjustments a. Estimated depreciation on office equipment for the year, RM5,000. (2 marks) b. The Prepaid Insurance account has a RM3,600 debit balance before adjustment. An examination of insurance policies shows RM900 of insurance expired. (2 marks) c. The Prepaid Insurance account has a RM2,400 debit balance before adjustment. An examination of insurance policies shows RM600 of unexpired insurance. (2 marks) d. On 1 July, the company received 6 months' rent in advance from a tenant whose rent is RM800 per month. The RM4,800 was credited to the Unearned Rent account (2 marks) e. The company collects rent monthly from its tenants. One tenant whose rent is RM850 per month has not paid his rent for December. (2 marks) f. The provision for doubtful debts in the previous year was RM3,900. The total amount of accounts receivable at current year was RM51,700. It was decided to write off debts 5 5 totaling RM3,700 and adjust the provision of doubtful debts for receivable to the equivalent of 5% of the accounts receivable