Question 2 (of 12) > 2. value 0.50 points M4-6 Recording Adjusting Journal Entries [LO 4-2] For each of the following 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.) a. Collected $3,900 rent for the period October 1 to December 31, which was credited to Uneamed Revenue on October 1 b. Paid $2,400 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 $54,000. The company estimates annual depreciation of $5.400. View transaction list Journal entry worksheet 2 3 Record the rent revenue earned during October. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal