On April 1, MVP Sportswear prepaid six months of rent, $3,780:

1. Record the journal entry for the payment on April 1.
2. Record the adjusting entry required at April 30.

Consider the following independent situations at December 31:

1. On July 1, a business collected $6,540 rent in advance, debiting Cash and crediting Unearned Revenue.
   1. The tenant was paying one year's rent in advance. On December 31, the business must account for the amount of rent it has earned.
2. Salaries expense is $1,240 per day—Monday through Friday—and the business pays employees each Friday. This year, December 31 falls on a Thursday.
3. The unadjusted balance of the Office Supplies account is $2,440 Office supplies on hand total $1,670.
4. Equipment depreciation was $190.
5. On October 1, when the business prepaid $6,040 for a two-year insurance policy, the business debited Prepaid Insurance and credited Cash.

Journalize the adjusting entry needed on December 31 for each situation.