Journake the ting entry needed at December 31 for each of the following independent Check the icon to view the situations Record the amaction for named rendere uned (Round your answer to the nearest whole della Record debits first, the credits Select the explanation on the last line of the mal entry the Jooral Entry Accounts Debler Credit b. Record the interesire comed, but not yet received More Info x a. On June 1, when we collected $60,000 rent in advance, we debited Cash and credited Unearned Rent Revenue The tenant was paying one year's rent in advance. At December 31, we must account for the amount of rent we have eamed b. Interest revenue of $4,000 has been earned but not yet received on a $80,000 note receivable held by the business. c. Salary expense is $8,300 per day-Monday through Fridayand the business pays employees each Friday. This year December 31 falls on a Wednesday d. Equipment was purchased last year at a cost of $325,000. The equipment's useful life is five years. It will have no value after five years. Record the year's amortization e. On March 1, when we paid $6,400 for a one-year insurance policy, we debited Prepaid Insurance and credited Cash f. The business owes interest expense of $8,000 that it will pay early in the next period g. The unadjusted balance of the Supplies account is $16,000. The total cost of supplies remaining on hand on December 31 is $7,500 Print Done