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The following are transactions for the Sky Blue Corporation:

a$.$ Collected $$3,750$ rent for the period October $1$ to December $31,$ which was credited to Deferred Revenue on October $1.$

b$.$ Paid $$2,280$ for a two$-$year insurance premium on October $1$ and debited Prepaid Insurance for that amount.

c$.$ Used a machine purchased on October $1$ for $$53,400.$ The company estimates annual depreciation of $$5,340.$

Required:

For each of the above transactions for the Sky Blue Corporation, give the accounting equation effects of the adjustments required at the end of the month on October $31.$ If a transaction affects a temporary account, include the account name under "Temporary Accounts" and the financial effect under $"$NI$."$ Do not enter an amount under "Stockholders' Equity" for these transactions; their impact on stockholders' equity will occur later when the temporary accounts are closed at year$-$end. Do not enter No Effect $($NE$)$ or zero for any cells without an effect for each transaction despite what may be shown in textbook demonstration cases as these cells should be eft blank.

Note: Enter any decreases to Assets, Liabilities, Stockholders' Equity, or Net Income with a minus sign.

Answer is not complete.

$\backslash$table$[[$Transaction$,$Assets,$=,$Liabilities, $,$Stockholders'Equity,$(),$Temporary Accounts,NI$],[$a$.,,,,=,$Deferred Revenue,$0,(1,250),,\},1,$Rent Revenue,$(),1,2500],[$b$.,$Prepaid Insurance,$,(95),=,,,,,,,$Insurance Expense,$,95$