16 Brief Exercise 3-7 Record the adjusting entry for prepaid rent (LO3-3) Suppose Hoosiers, a specialty clothing store, rents space at a local mall for one year, paying $18,600 ($1,550/month) in advance on onts October 1. Skooed Required: 1.82. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of prepaid rent and rent expense (assuming the balance of Prepaid Rent at the beginning of the year is $0). eBook References Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction event, select "No Journal Entry Required" in the first account neid.) View transaction et Journal entry worksheet 1 2 Record the payment of rent in advance on October 1 1 5 Required 1 and 2 Required 3 Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a Journal Entry Required in the first account field.) aped View transaction list Book Journal entry worksheet erences 1 2 Record the payment of rent in advance on October 1. Note: Enter debits before credits Date General Journal Debit Credit October 01 Record entry Clear entry View general Journal Me Graw ME Prov 1694 23 Check my world 16 Suppose Hoosiers, a specialty clothing store, rents space at a local mall for one year, paying $18,600 ($1,550/month in advance on October 1 1 points Required: 1.82. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of prepaid rent and rent expense (assuming the balance of Prepaid Rent at the beginning of the year is $0). Spoed DG Complete this question by entering your answers in the tabs below. Required: and 2 Required 3 Calculate the year-end adjusted balances of prepaid rent and rent expense (assuming the balance of Prepaid Rent at the beginning of the year is 50). Ending Balance Prepaid rond Rrexpense