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nt 3-Ch 3 i S Dr. Erica Chan, MD owns EC Health Clinic. She prepares annual financial statements and has a December 31, 2023 year-end. a. On October 1, 2023, Dr. Chan prepaid $5,000 for four months of rent. b. On November 1, 2023, Dr. Chan prepaid $276 to renew the clinic's magazine subscriptions. The subscription is for one year. c. On December 1, 2023, Dr. Chan pays $2,775 for supplies. At the end of the year, $1,850 of supplies had not been used. Required: For the above transactions, record the initial journal entry and the adjusting entry required on December 31, 2023. a. View transaction list View journal entry worksheet No 1 2 Date Oct 01, 2023 Dec 31, 2023 Prepaid rent Cash Saved Rent expense Prepaid rent General Journal Debit 5,000 1,667 Credit 5,000 1,667

Dr. Erica Chan, MD owns EC Health Clinic. She prepares annual financial statements and has a December 31,2023 year-end. o. On October 1, 2023. Dr. Chan prepaid $5,000 for four months of rent. b. On November 1, 2023, Dr. Chan prepaid $276 to renew the dinic's magazine subscriptions. The subscription is for one year. c. On December 1, 2023. Di. Chan pays $2.775 for supplies. At the end of the yeat, $1,850 of supplies had not been used. Required: For the above transactions, record the initial journal entry and the adjusting entry required on December 31, 2023

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