Either Reversing entry or no reserving entry necessary

Certain adjusting entries made at the end of an accounting period are reversed at the beginning of the following period. Required: Analyze the following four adjusting entries made on December 31, and determine whether a reversing entry is needed. Date Description Debit Credit Reversing entry Reversing entry necessary not necessary Dec. 31 Taxes Expense 1,750 O O Taxes Payable 1,750 31 Supplies Expense 520 O O Supplies 520 31 Deferred Rent Revenue 1,550 O O Rent Revenue 1,550 31 Interest Receivable 1,200 O O Interest Revenue 1,200