Problem: Year-End Adjusting Entries: 1 Recognize the revenue earned from the rent paid in transaction B. 4 2 Recognize the expiration of the prepaid insurance policy, purchased in transaction D. 4 3 Recognize the interest earned on the note receivable issued in transaction K 4,8 4 Record the bad debt expense for the year, assuming uses 3% of accounts receivable to estimate their uncollectible accounts. 8 5 Depreciation Expense for the year is 2,556,000 9 6 Amortization Expense for the year is 3,000 9