Among other items, the partial unadjusted trail balance of Filmblaster, Inc., a movie rental company, at December 31 of the current year includes the following unadjusted account balances: Filmblaster, Inc. Partial Unadjusted Account Balance December 31 Accounts Balance Prepaid Insurance $18650 Prepaid Rent $2208 Supplies $1300 Equipment $29000 Accumulated Depreciation - Equipment $2900 Examination of the records shows that adjustments should be made for the following items, Prepare the annual year end adjusting journal entries at December 31.
The balance in the Prepaid Rent account is for a 12-month period that started October 1 of the current year.