E since the company is not large enough to occupy the

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e. Since the company is not large enough to occupy the entire building it owns, it rented space to a tenant at $2,500 per month, starting on November 1, 2011. The rent was paid on time on November 1, and the amount received was credited to the Rent Earned account. However, the tenant has not paid the December rent. The company has worked out an agreement with the tenant, who has promised to pay both December and January rent in full on January 15. The tenant has agreed not to fall behind again. f. On November 1, the company rented space to another tenant for $2,265 per month. The tenant paid five months' rent in advance on that date. The payment was recorded with a credit to the Unearned Rent account. Required: 1. Use the information to prepare adjusting entries as of December 31, 2011. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Omit the "$" sign in your response.) Adjusting entries (all dated December 31, 2011). General Journal Debit Credit a. Office supplies expense 13,388
Office supplies b. Insurance expense Prepaid insurance c. Salaries expense Salaries payable d. Depreciation expense-building Accumulated depreciation-building e. Rent receivable Rent earned f. Unearned rent Rent earned

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