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Below is the unadjusted trial balance of FOURCO.

	Debit	Credit
Cash	$18,300
Accounts receivable	27,000
Prepaid rent	5,000
Office supplies	1,200
Equipment	21,800
Accumulated depreciation		$6,000
Notes payable		8,000
Accounts payable		3,000
Unearned fees		14,000
Capital stock		18,000
Retained earnings		16,000
Fees earned		30,000
Salaries expense	14,000
Utilities expense	2,000
Insurance expense	5,800
Totals	$96,000	$96,000

FOURCO has earned fees of $6,000 by performing services for clients, but has not yet recorded those fees. Which is the correct adjusting journal entry?

Debit Fees earned 6,000 and credit Accounts receivable 6,000

Debit Unearned fees 6,000 and credit Accounts receivable 6,000

Debit Accounts receivable 6,000 and credit Fees earned 6,000

Debit Accounts receivable 6,000 and credit Unearned fees 6,000

At the beginning of the current month, FOURCO paid for two months' rent in advance. Which is the correct adjusting journal entry at the end of the current month?

Debit Rent expense 2,500 and credit Prepaid rent 2,500

Debit Rent expense 5,000 and credit Prepaid rent 5,000

Debit Prepaid rent 2,500 and credit Rent expense 2,500

Debit Prepaid rent 5,000 and credit Cash 5,000

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