Recognized the expired rent for both the van and the office for the year (event 2 and 3).

The trial balance of Pacilio Security Services Inc. as of January 1, 2017, had the following normal balances: Cash $78,972 Petty Cash 100 Accounts Receivable 33,440 Supplies 160 Prepaid Rent 3,200 Merchandise Inventory (23@ $280) 6,440 4,000 Land 250 Accounts Payable 1,400 Salaries Payable Common Stock 50,000 74,662 Retained Earnings During 2017 Pacilio Security Services experienced the following transactions: 1. Paid the salaries payable from 2016. 2. Paid $4,800 on March 1, 2017, for one year's lease in advance on the company van. 3. Paid $8,400 on May 2, 2017, for one year's office rent in advance, i 4. Purchased $550 of supplies on account. 5. Paid cash to purchase 105 alarm systems at a cost of $285 each