The unadjusted trial balance and the adjustment data for McLay Business Agent are shown below, along with adjusting entry information. Additional information items: a. The Prepaid Insurance account consists of a payment for a 1-year policy. An analysis of the insurance invoice indicates that one half of the policy has expired by the end of the December 31 year-end. b. A cash payment for space sublet for 8 months was received on July 1 and was credited to Unearned rent. c. Accrued interest expense on the note payable of $1,000 as of December 31 has been incurred but not paid. Required 1. Record the adjusting entries for McLay Business Agent as of December 31 . (6 marks)