Rosa Soliz, owner of the new Spanish Caf, signed a building lease for 3 years for $1,000

Rosa Soliz, owner of the new Spanish Café, signed a building lease for 3 years for $1,000 per month on April 1, 20X4. She has paid $3,000 for the first 3 months’

rent covering April-June, 20X4.

Required:
1. Prepare the journal entry to recognize the payment and the rent expense for April.
2. Prepare the adjusting entry to recognize lease expense for May.