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5. Great Kids Inc. rented an office building owned by Super Dad Corp for one year starting from March 1, 2010. Great Kids prepaid 1

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5. Great Kids Inc. rented an office building owned by Super Dad Corp for one year starting from March 1, 2010. Great Kids prepaid 1 year rent of $12,000 to Super Dad on March 1. Great Kids Inc, makes adjusting entries at the end of every month. Make necessary journal entries related to the rent. What journal entries should Great Kids make on March 1, 2010? What journal entry should Great Kid make on Jun 30, 2010? What was the balance of Prepaid Rent account on Jun 30, 2010 after the adjusting entry was made and posted to the ledger? What journal entries should Super Dad make on March 1, 2010? What journal entry should Super Dad make on Jun 30, 2010? Assuming it makes adjusting entries at the end of every month. What was the balance of Unearned Rental Revenue account on Jun 30, 2010 after the adjusting entry

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