Read each of the following transactions for Gallagher Enterprises. Determine the accounts and amounts to be debited and credited in the necessary end-of-january adjustments.

A. on january 1, 2016 Gallagher Enterprises, a new firm, paid $6,000 rent in advance for a three month period. the $6,000 was debited to the prepaid rent account.

B. On January 1, 2016 the firm bought supplies for $3,000. The $3,000 was debited to the Supplies account. An inventory of supplies at the end of January showed that supplied costing $1,000 were on hand.

C. On January 1, 2016 the firm bought equipment costing $12,000. The equipment has an expected useful life of 10 years and no salvage value. The firm will use the straight-line method of depreciation.

It asked for what is credited and debited for each letter and how much of each.