1 1 A company's accounting records included the following accounts. 8 02:54 Accounts Receivabla (A) Debit Credit 11 324 2,725 12/31 476 Prepaid Rent (A) Debit Credit 22 54 525 12/31 56 Deferred Revenue (L) Debit Credit 366 342 316 12/31 Required: 1. For each T-account, describe the typical transactions that cause it to increase and decrease. 2. Compute the missing amounts. Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each T-account, describe the typical transactions that cause it to increase and decrease Increase and Decrease Accounts Accounts Roonivable Accounts Receivable Prepaid Rent Prepaid Rent Deferred Revenue Deferred Revenue Transactions Sales to customers on account. Cash collections from customers Cash payments for rent related to future periods. The benefits of these prepayments are used up over time Cash received from customers for goods or services to be provided in the future Goods and services are provided Required 2 >