For each of the following transactions for Hosey Company, give the adjusting entry required for the year

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For each of the following transactions for Hosey Company, give the adjusting entry required for the year ended December 31. 2003. using the process illustrated in the chapter:

a. Collected $900 rent for the period December 1 . 2003. to March 1 . 2004. which was credited to Unearned Rent Revenue on December 1, 2003.

b. Paid $2,400 for a two-year insurance premium on July 1. 2003: debited Prepaid Insurance for that amount.

c. Purchased a machine for $12,000 cash on January 1. 2000. The company estimates annual depreciation of $2,000.

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