For each of the following transactions for the Sky Blue Corporation: a. Collected $4,950 rent for the period October 1 to December 31, which was credited to Deferred Revenue on October 1. b. Paid $3,240 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount. c. Used a machine purchased on October 1 for $58,200. The company estimates annual depreciation of $5,820.Prepare the adjusting journal entries required on October 31. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the rent revenue earned during October. Note: Enter debits before credits Transaction General Journal Debit Credit