Journalize the adjusting entry needed at October 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 August 1, $3,600 rent was collected in advance. Cash was debited and Uneamed rent revenue was credited. The tenant was paying six months' rent in advance. Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer. 5 parts remaining Clear All Check Answer ze the adjusting entry needed at October 31, the fiscal year-end, for each of the following independent situations. No other adjusting entries have been made for T. (Record debits first, then credits. Exclude explanations from any journal entries.) lick the icon to view the transactions.) August 1, $3,600 ths' rent in advance. i X - More Info Date a. On August 1, $3,600 rent was collected in advance. Cash was debited and Unearned rent revenue was credited. The tenant was paying six months' rent in advance. b. The business holds a $30,000 note receivable. Interest revenue of $435 has been earned on the note but not yet received C. Salaries expense is $2,300 per day, Monday through Friday, and the business pays employees each Friday. This year, October 31 falls on a Tuesday d. The unadjusted balance of the Supplies account is $845. Supplies on hand total $165 e. Equipment was purchased two years ago at a cost of $15,000. The equipment's useful life is four years. f. On April 1, when $1.440 was paid for a one-year insurance policy. Prepaid insurance was debited and Cash was created se from any list arts amaining Answer Peint