Score: 0 of 5 pts 30, 5 (0 complete > HW Score: 0%, 0 of 25 pts E3-22 (book/static) Question Help * Consider the following independent siluations at December 31 (Click the icon to view the situations) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. (Record debils first, then credits. Select the explanation on the last line of the journal entry table) a. On October 1, a business collected $3,000 rent in advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one years rent in advance. At December 31, the business must account for the amount of rent it has earned. Date Accounts and Explanation Debit Credit (a) Dac. 31 More Into Accounts Receivable a. On October 1, a business collected S3,000 rent in advance, debiting Cash and crediting Uneamed Ravanue. The tenant was paying one year's rent in advance. On Dacember 31, the business must account for the amount of rer it has earned Cash Depreclation Expense-Equipment Insurance Expense Interest Expense Interest Payable Office Supplies Prepaid Insurance Rent Revenue Salaries Expense Salaries Payable Supples Expense Unearned Revenue b. Salaries expense is 51,800 per day-Monday through Friday-and the business pays c. The unadjusted balance of the Office Supplies account is $3,000. Office supplies on hand total d. Equipment depreciation was 3500 employees each F iday. This year Decembe r 31 falls on a Thursday 51,900 e. On April 1, when the business prepaid $4,320 for a two-year insurance policy, the business debitad Prepaid Insurance and credited Cash. PrintDone