Explain the reasoning for each reversing entry

Question

Response to the following problem:

Reversing Entries

On December 31, 2010, Cochran Company made the following proper year-end adjusting entries:

Date	Account Titles	Debit	Credit
Dec. 31	Bad Debts Expense	530
	Allowance lot Doubtful Account		530
31	Salaries Expense	940
	Salaries Payable		940
31	Unearned Rent	1,230
	Rent Revenue		1,230
31	Interest Expense	220
	Interest Payable (due July 1. 2011)		220
31	Rent Receivable	310
	Rent Revenue		110
31	Depreciation Expense	5,100
	Accumulated Depreciation		5,100
31	Insurance Expense	312
	Prepaid Insurance		312
31	Interest Receivable (due February 1, 2012)	225
	Interest Revenue		125
31	Office Supplies	100
	Office Supplies Expense		100
31	Advances to Salespersons	100
	Salaries Expense		300
31	Income Tax Expense	4,300
	Income Tax Payable		4,300

Required

1. Prepare journal entries to record whatever reversing entries you think are appropriate.

2. Explain your reasoning for each reversing entry