Tenant and Landlord The Trucano Company, a retail hardware store, pays quarterly rent on its store at

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Tenant and Landlord The Trucano Company, a retail hardware store, pays quarterly rent on its store at the beginning of each quarter. The rent per quarter is $18,000. The owner of the building in which the store is located is the Resing Corporation. By using the balance sheet equation format, analyze the effects of the following on the tenant's and the landlord's financial position: 1. Trucano pays $18,000 rent on July 1. 2. Adjustment for July. 3. Adjustment for August. 4. Adjustment for September. Also prepare the journal entries for Trucano and Resing for September.

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