SECTION III Selected transactions of the Kimball Publishing Company during the year 2018 follow: Ap. 1 Received $18,900 representing rent in advance for the use of extra office space for the period April 1, 2018 to March 31, 2019. The journal entry on April 1 credited Rent Revenue for $18,900. No other adjustments have been made. 1emooni to Sept 1 Paid a $5,280 premium for a two-year fire insurance policy beginning on September 1, 2018. On that date, Insurance Expense was debited for $5,280. Kimball borrowed $150,000 on a 5-year 3% note . Interest is payable semi- annually. Nov. 1 55% of $120,000 collected for magazine subscriptions during 2018 applies to the years 2019 and 2020. Unearned Revenue was originally credited for $120,000. Dec. 31 31 The Allowance for Doubtful Accounts is estimated to be 2 % of sales. Sales for 2018 were $4.5 million. Dec. Instructions: As of December 31, 2018, provide the appropriate adjusting entries for Kimball, Inc. SECTION II- WORKSHEET General Journal Account Titles and Explanation Date Debit PR Credit