Homework: Homework - Chapter 03 Save Score: 0 of 2 pts 2 of 5 (1 complete) HW Score: 20%, 2 of 10 pts E3-18A (similar to) Question Help Journalize the adjusting entry needed at March 31, the fiscal year-end, for each of the following independent situations. No other adjusting entries have been made for the year. (Record debits first, then credits. Exclude explanations from any journal entries.) (Click the icon to view the transactions.) a. On January 1, $4,200 rent was collected in advance. Cash was debited and Unearned rent revenue was credited. The tenant was paying six months' rent in advance. Journal Entry Date Accounts Debit Credit Mar 31 Unearned rent revenue 1464 Rent revenue 1464 More Info - X b. C. a. On January 1, $4.200 rent was collected in advance. Cash was debited and Unearned rent revenue was credited. The tenant was paying six months' rent in advance. The business holds a $35,000 note receivable. Interest revenue of $875 has been earned on the note but not yet received Salaries expense is $3,100 per day, Monday through Friday, and the business pays employees each Friday. This year, March 31 falls on a Thursday. The unadjusted balance of the Supplies account is $1,400. Supplies on hand total $500. e. Equipment was purchased two years ago at a cost of $7,500. The equipment's useful life is three years. f. On September 1, when $1,464 was paid for a one-year insurance policy, Prepaid insurance was debited and Cash was credited. Choose from any parts remaining Check Answer 2:29 PM gel - 2/4/2020