Response to the following questions:
1. Using the perpetual inventory system, what account is debited when a business finds that its physical count of inventory is greater than the recorded amount?
2. Assume that a college receives $84,000 for one semester's dormitory rent in advance and an entry is made debiting Cash and crediting Unearned Rent. At the end of the year, $68,000 of the rent has been earned. What adjusting entry would be made?