Saved Help pter 4 Homework Save & Exit Submit Check my work 1 For each of the following transactions through for Catena's Marketing Company, prepare the adjusting entry. The process includes (1) determining if revenue was earned or an expense was incurred, (2) determining whether cash was received or paid in the past or will be received or paid in the future, and (3) computing the amount of the adjustment (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. Collected $2.600 rent for the period December 1 of the current year to April 1 of next year, which was credited to Unearned Rent Revenue on December 1 b. Purchased a machine for $46,000 cash on January 1. The company estimates annual depreciation at $4,300 c. Pald $2.900 for a two-year Insurance premism on July 1 of the current year, debited Prepaid Insurance for that amount nces View transaction list Journal entry worksheet > 1 2 3 Record the adjusting journal entry for the year ended December 31 related to rent Journal entry worksheet 1 2 3 pped Record the adjusting journal entry for the year ended December 31 related to rent. ook Note: Enter debits before credits Init Transaction General Journal Debit Credit ences a Record entry Clear entry View general Journal 1 Journal entry worksheet 11 Inbs