Question 8 Record the adjusting journal entries for the following end of period transactions. 1. Interest in the amount of $275 has been earned but not yet collected on the notes receivable. DR $ CR $ 2. A customer contract in the amount of $10,000 was paid for in the previous year. In the current year, the company provided half of the services to the customer. DR $ CR 3. The unadjusted Prepaid Rent account shows a balance of $8,000. One quarter (259) has been used in the current period DR $ 14. Income tax was $850 for the period. It will be paid next year. DR CR 5. Amortization on the Patent was $400 for the year and has not yet been recorded. DR $ CR 6. The Supplies account has an unadjusted balance of $150, but a count of Supplies at year end reveals that there are $100 left. DR $ CR