uired 1 the information to prepare adjusting entries as of December 31. ew transaction list Journal entry worksheet < 2 3 4 5 6 The company purchased a building at the beginning of this year. It cost $835,000 and is expected to have a $45,000 salvage value at the end of its predicted 30-year life. Annual depreciation is $26,333. Note: Enter debits before credits. Transaction d. General Journal Debit Credit Record entry Clear entry View general journal e. Since the company is not large enough to occupy the entire building it owns, it rented space to a tenant at $2,500 per month, starting on November 1. The rent was paid on time on November 1, and the amount received was credited to Rent Revenue. However, the tenant has not paid the December rent. The company has worked out an agreement with the tenant, who has promised to pay both December and January rent in full on January 31. f. On November 1, the company rented space to another tenant for $2,265 per month. The tenant paid five months' rent in advance on that date. The payment was recorded with a credit to the Unearned Revenue account. Assume no other adjusting entries are made during the year. Required: 1. Use the information to prepare adjusting entries as of December 31. 2. Prepare journal entries to record the first subsequent cash transaction in January of the next year for parts c and e. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the information to prepare adjusting entries as of December 31. View transaction list Journal entry worksheet < 1 2 3 4 5 6 Since the company is not large enough to occupy the entire building it owns, it rented space to a tenant at $2,500 per month, starting on November 1. The rent was paid on time on November 1, and the amount received was credited to Rent Revenue. However, the tenant has not paid the December rent. The comnany has worked out an anreement with the tenant who has nmmised to Note: Enter debits before credits. Transaction. General Journali Debit Credit