The unadjusted trial balance for Calloway Corp. is below: Account Title Cash Accounts Receivable Prepaid Rent Inventory Accounts Payable Unearned Revenue Common Stock Retained Earnings Sales Revenues Rent Expense Purchases - Gross Unadjusted TB Debit Credit 120,000 35,000 12,000 35,000 14,000 8,000 40,000 45,000 125,000 6,000 45,000 Prepare the following adjusting journal entries as of December 31: 5. Prepaid rent was paid on November 1 for four months of rent. 6. Unearned revenue was paid by customer on July 1 for an eight month consulting contract 7. The company's attorneys report having worked 150 hours in December at a bill rate of $100 per hour but will not provide the invoice until some time next year. 8. The company determined the value of its ending inventory is $45,000; the company follows the periodic method of accounting for inventory