Problem 3.30A (Static) Recording adjusting entries in general journal format LO 3.2\ Each of the following independent events requires a year-end adjusting entry.\ a. Paid

$48,000

cash in advance on July 1 for a one-year lease on office space.\ b. Purchased

$5,000

of supplies on account on April 15. At year-end,

$500

of supplies remained on hand.\ c. Received a

$9,600

cash advance on July 1 for a contract to provide services for one year beginning immediately.\ d. Paid

$5,400

cash in advance on February 1 for a one-year insurance policy.\ Required\ Record each event and the related adjusting entry in general journal format. The first event is recorded as an example. Assume a December 31 closing date. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)\ \\\\table[[Date,Account Titles,Debit,Credit],[July 1,\\\\table[[Prepaid rent],[Cash]],48,000,48,000],[December 31,\\\\table[[Rent expense

(48,000\\\\times (6)/(12))

Problem 3-30A (Static) Recording adjusting entries in general journal format LO 3.2 Each of the following independent events requires a year-end adjusting entry. a. Paid $48,000 cash in advance on July 1 for a one-year lease on office space. b. Purchased $5,000 of supplies on account on April 15 . At year-end, $500 of supplies remained on hand. c. Received a $9,600 cash advance on July 1 for a contract to provide services for one year beginning immediately. d. Paid $5,400 cash in advance on February 1 for a one-year insurance policy. Required Record each event and the related adjusting entry in general journal format. The first event is recorded as an example. Assume a December 31 closing date. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)