AlChem has the following unadjusted trial balance:
Cash $36,578
Accounts receivable 8,902
Prepaid insurance 20,389
Prepaid rent 28,600
Supplies 9,355
Accounts payable $40,344
Unearned revenue 76,209
Retained earnings 10,840
Various expenses 23,569
Adjusting Information:
Prepaid rent of $28,600 was paid on September 1 and represents an 18-month lease.
Prepaid insurance of $20,389 was paid on July 1 for a one-year policy.
Supplies on hand as of 12/31 were $2,899.
40% of unearned revenue was earned during the year.
Journalize the adjusting entries as of December 31,2012. Explanations are not required.