On December 31, 2016, Kellams Company made the following adjusting entries for its annual accounting period:

Required:
Prepare whatever reversing entries are appropriate.

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Depreciotion Expense 2,400 Accumulated Depreciation To record depreciation on buildings. Interest Receivable 2,400 500 Interest Revenue 500 To record interest on note receivable due January 28, 2017 Rent Expense 400 Prepaid Rent To record expired prepaid rent. Interest Expense 400 620 Interest Payable To record interest on note payable due March 16, 2017 620