Westem Company had $500 of store supplies available at the beginning of the current year. During the year, Western Company purchased $2,750 worth of store supplies On December 31 of this year 5375 worth of store supplies remained. Prepare the journal entry to adjust the supplies account Date Description Debits Credits PR Pfister Co. Icases an office to a tenant at the rate of $5,000 per month The tenant contacted Pfister and arranged to pay the rent for December on January 8 of the following year. Pfister agrees to this arrangement. Prepare the journal entry that Pfister must make at year ended December 31 to record the accrued rent revenue Date Description PR Debits Credits Prepare the journal entry to record the receipt of the rent on January 8 of the following year for Pfister Co Date Description PR Debits Credits On October 1, Haslip Company rented warchouse space to a tenant for $2,500 per month The tenant paid five months' rent in advance on that date. The payment was recorded to the Unearned Rent account. The company's annual accounting period ends on December 31. The adjusting entry needed on December 31 is Date Description PR Debits Credits