Conner Corp. encountered the data which needs to be adjusted at December 31st. 2016. Prepare the adjusting journal entries in good form, conforming to the following headings:

Date Accounts and Explanations PR Debit Credit

1. There is $8,000 worth of depreciation that needs to be recorded against the company's vehicles.

2. The Office Supplies asset account shows $5,000 on December 31st. 2016, but a count reveals that only $1,000 of supplies remains on-hand.

3. A company had paid $12,000 for rent at the beginning of the year. It debited prepaid rent and credited cash. on January 1. On December 31st, there was only $1,000 left in prepaid rent.