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7 [27 points] The following are three independent and unrelated errors. For each error, determine the effect on the income statement and balance sheet in

7 [27 points] The following are three independent and unrelated errors. For each error, determine the effect on the income statement and balance sheet in the 2019 financial statements and prepare any journal entries each company should record to correct the errors. Please make sure your final answer(s) are accurate to the nearest whole number. Enter an appropriate description, and enter the date in the format dd/mmm (ie. 15/Jan). a) On the last day of 2019, JenCo received a $118,000 prepayment from a tenant for 2020 rent of a building. JenCo recorded the receipt a

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