The following are transactions for the Sky Blue Corporation:

1. Collected $3,450 rent for the period October 1 to December 31, which was credited to Deferred Revenue on October 1.
2. Paid $2,040 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount.
3. Used a machine purchased on October 1 for $52,200. The company estimates annual depreciation of $5,220

Please help, thank you!

M4-5 and M4-6 (Algo) [The following information applies to the questions displayed below.] The following are transactions for the Sky Blue Corporation: a. Collected $3,450 rent for the period October 1 to December 31, which was credited to Deferred Revenue on October 1. b. Paid $2,040 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount. c. Used a machine purchased on October 1 for $52,200. The company estimates annual depreciation of \$5,220. 4-6 (Algo) Recording Adjusting Journal Entries [LO 4-2] quired: r each of the above transactions for the Sky Blue Corporation, prepare the adjusting journal entries required on October 31 . (If no try is required for a transaction/event, select "No Journal Entry Required" in the first account field.) or each of the above transactions for the Sky Blue Corporation, prepare the adjusting journal entries required on October 31 . (If no ntry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the rent revenue earned during October. Note: Enter debits before credits