-URCES art ) that date. | Your answer is partially correct. Try again. When the accounts of Waterway Inc. are examined, the adjusting data listed below are uncovered on December 31, the end of an annual fiscal period. 1. The prepaid insurance account shows a debit of $3,840, representing the cost of a 2-year fire insurance policy dated August 1 of the current year. 2. On November 1, Rent Revenue was credited for $1,683, representing revenue from a subrental for a 3-month period beginning on 3. Purchase of advertising materials for $826 during the year was recorded in the Advertising Expense account. On December 31, advertising materials of $289 are on hand. 4. Interest of $809 has accrued on notes payable. Prepare the following in general journal form. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) (a) The adjusting entry for each item. No. Account Titles and Explanation Debit y Study Credit 1. Insurance Expense 1100 Prepaid Insurance 1100 2 Rent Revenue 600 Unearned Rent Revenu 600 3 Supplies 290 Advertising Expense 290 Help System Announcements Grace Period: 6 day CALCULATOR PRINTER VERSION Advertising Expense 290 4. Interest Expense 770 Interest Payable 770 (b) The reversing entry for each item where appropriate. No. Account Titles Explanation Debit Credit 1. No Entry X N Unearned Rent Revenue 600 Rent Revenue 600 > 3. Advertising Expense 290 Supplies 290 4. Interest Payable 770 Interest Expense 770 Click if you would like to Show Work for this question: Open Show Work