Exercise 2–22 Requirement 1 The transactions affected would be the prepayment of rent, transaction 2, and the purchase of supplies in transaction 6. Requirement 2 2. Original transaction on November 1: Rent expense ............................................................. Cash ...................................................................... 6,000 Adjusting entry on December 31: Prepaid rent ($6,000 x 1/3) ............................................ Rent expense.......................................................... 2,000 6. Original transaction during the year: Supplies expense ...................................................... Cash ....................................................................... 6,500 Adjusting entry on December 31: Supplies .................................................................... Supplies expense .................................................. 3,250 Requirement 3 2. Rent expense ............................................................. Prepaid rent............................................................ 6. Supplies expense ..................................................... Supplies ................................................................. 2,000 3,250 6,000 2,000 6,500 3,250 2,000 3,250 2– Solutions Manual, Vol.1, Chapter 2 39