Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the depreciation for the month of October. Note: Enter debits before credits. Required information [The following information applies to the questions displayed below] The following are transactions for the Sky Blue Corporation: a. Collected $5,100 rent for the period October 1 to December 31 , which was credited to Deferred Revenue on October 1. b. Paid $3,360 for a two-year insurance premium on October 1 and debited Prepald Insurance for that amount. c. Used a machine purchased on October 1 for $58,800. The company estimates annual depreciation of $5,880. Required: For each of the above transactions for the Sky Blue Corporation, prepare the adjusting journal entries required on October 31 . (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the rent revenue earned during October. Note: Enter debits before credits