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The ledger of Fox Rentals on 30 June 2021 includes the following selected accounts before adjusting entries have been prepared: Debit $ Credits Prepaid insurance 33360 Supplies 16800 Equipment 195000 Bank loan 156000 Rent revenue received in advance 72540 Rent revenue 468000 Wages expense 109200 al An analysis of the accounts shows the following adjustments that need to be made: The equipment bought on 1 June 2021 depreciates over 5 years. b b) The rent revenue received in advance was for 10 months commencing 1 June 2021. ) c) Interest of $2250 is accrued on the bank loan. d) Supplies on hand as at 30 June 2021 total $8600. e) The benefits of prepaid insurance expire at the rate of $2780 per month. Required Select the correct entries from the drop-down list to prepare the adjusting entries at 30 June 2021. The debit and credit amounts must be typed in the space provided. DO NOT type the dollar sign ($). DO NOT use thousands separators (.e. commas: eg: 2,000; space: eg: 2 000; or full stop: eg: 2.000) when typing the amounts. No decimals. Narrations are NOT required. (Total 20 Marks) a) The adjusting entry for recording transaction (a) on 30 June 2021 is: Debit Credit $ $ b) The adjusting entry for recording transaction (b) on 30 June 2021 is: Debit $ Credit S c) The adjusting entry for recording transaction (c) on 30 June 2021 is: Debit $ Credit S d) The adjusting entry for recording transaction (d) on 30 June 2021 is: Debit $ Credit S el The adjusting entry for recording transaction (e) on 30 June 2021 is: Debit . $

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