Problem $3-7$

You started the year with a beginning balance in Rent Payable of $$8,000.$

You paid $9$ months of rent of $$18,000.$ Record the journal entry.

Problem $3-8$

You paid $$3,600$ for a one$-$year insurance policy on May $1$st$.$ Record the journal entries.

Problem $3-9$

You paid $$4,800$ for a two$-$year insurance policy on July $1$st$.$ Record the journal entries.