ve 3 ve 3 S3-6 Journalizing and posting adjusting entries for prepaid rent On April 1, Sport Courts of Toledo prepaid six months of rent, $4,800. Requirements 1. Record the journal entry for the April 1 payment. 2. Record the adjusting entry required at April 30. 3. Using T-accounts, post the journal entry and adjusting entry to the accounts involved and show their balances at April 30. (Ignore the Cash account.) $3-7 Journalizing and posting an adjusting entry for office supplies , On November 1, Channel Equipment had a beginning balance in the Office Supplies account of $800. During the month, Channel purchased $1,000 of office supplies At November 30, Channel Equipment had $400 of office supplies on hand. Requirements 1. Open the Office Supplies T-account and enter the beginning balance and purchase of office supplies. 2. Record the adjusting entry required at November 30. 3. Post the adjusting entry to the two accounts involved and show their balances z November 30.