On November |, 2000, Lindner Corporation received $7,200 from Slater Insurance Agency in advance for six months

Question:

On November |, 2000, Lindner Corporation received $7,200 from Slater Insurance Agency in advance for six months of rent on office space.

Required: (1) Using T-accounts, record the receipt of the rent by Lindner.

(2) Using T-accounts, record Lindner’s end-of-period adjustment. TYK-1

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