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Answer the following questions about prepald expenses: a. On October 1. Air and Sea Tree Service prepaid $6,000 for six months' rent. Give the adjusting entry to record rent expense at Octobe their balances at October 31. Air and Sea adjusts the accounts only at October 31 , the end of its fiscal year. b. On October 1, Air and Sea Tree Service paid $1,050 for supplies. At October 31, Air and Sea has $400 of supplies on hand. Make the Assume no beginning balance in supplies. a. On October 1, Ar and Sea Tree Service prepaid $6,000 for six months' rent. Give the adjusting entry to record rent expense at October balances at October 31. Air and Sea adjusts the accounts only at October 31, the end of its fiscal year. Prepare the adjusting joumal entry to record the rent expense at October 31 . (Record debits first, then credits. Select the explanation on th Post the October 1 and 31 transactions to the following T-accounts. Be sure to calculate the ending balance of the accounts. b. On October 1, Air and Sea Tree Service paid $1,050 for supplies. At October 31 , Air and Sea has $400 of supplies on hand. Make the re Assume no beginning balance in supplies. Prepare the adjusting journal entry to record the supplies expense at October 31. Fost the October 1 and 31 transactions to the following T-accounts. Be sure to calculate the ending balance of the accounts. Supplies Supplies Expense the ad usting entry to record rent expense at October 31. Include the date of the entry and an explanation. Then post all amounts to the two accounts involved, and show the end of its fiscal year. Ir and Sea has $400 of supplies on hand. Make the required journal entry at October 31 . Then post all amounts to the accounts and show their balances at October 31 . he adjusting entry to fecord rent expense at October 31. Include the date of the entry and an explanation. Then post all amounts to the two accounts involved, and show their of its fiscal year. debits frrst, then credits. Select the explanation on the last line of the journal entry table.) te the ending balance of the accounts. and Sea has S400 of supplies on hand. Make the required joumal entry at October 31 . Then post all amounts to the accounts and show their balances at October 31. e the ending belance of the accounts. Prepare the adjusting joumal entry to record the rent expense at October 31. (Record debits first, then credits. Select the explanation on the Pr2 e accounts. B. b. plies on hand. Make the re