Search for or type a command nting Cycle Record the following selected transactions in general journal form for Sun Orthopedic Clinic, Inc Include a brief explanation of the transaction as part of each journal entry. Oct. 1 The clinic issued 4.000 additional shares of capital stock to Doctor Soges at $50 per share. Oct. 4 The clinic purchased diagnostic equipment. The equipment cost $75,000, of which $25,000 was paid in cash: a note payable was issued for the balance. Oct. 12 Oct. 19 Oct. 25 Oct. 30 Issued a check for $9.000 in full payment of an account payable to Zeller Laboratories Purchased surgical supplies for $2.600. Payment is not due until November 28. Collected a $24.000 account receivable from Health One Insurance Company. Declared and paid a $300.000 cash dividend to stockholders. MacBook Air 45% D Sat 2 May 2:55 PM a earch for or type a command mations Search Open in Desktop App A A BA Conversation a E B 4 Close . Chapter 4 The Accounting Cycle: Accruals and Deferrals Sted Items On February 1, Watson Storage agreed to rent Hillbourne Manufacturing warehouse space for $175 per month. Hillbourne Manufacturing paid the first three months' rent in advance. and a. Prepare the necessary adjusting entry for Hillbourne Manufacturing on February 28, assuming it recorded the expenditure on February 1 as Prepaid Rent. b. Prepare the necessary adjusting entry for Watson Storage on February 28, assuming it recorded Hillbourne Manufacturing's payment as Unearned Rent Revenue. On March 1, Dillmore Corporation had office supplies on hand of $900. During the month, Dill- more purchased additional supplies costing $600. Approximately $400 of unused office supplies remain on hand at the end of the month. Prepare the necessary adjusting entry on March 31 to account for office supplies. Help improve Office Notes 9 8 74% MacBook Air