6. The following two events occurred for Trey Co. on October 31, 2017, the end of its fiscal year.

Trey rents a building from its owner for $2,700 per month. By a prearrangement, the company delayed paying October's rent until November 5. On this date, the company paid the rent for both October and November.

Trey rents space in a building it owns to a tenant for $1,250 per month. By prearrangement, the tenant delayed paying the October rent until November 8. On this date, the tenant paid the rent for both October and November.

3. Assuming that the company uses reversing entries, prepare reversing entries on November 1 and the journal entries to record Treys payment of rent on November 5 and the collection of the tenants rent on November 8.