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a and b please Yeesom Properties rented out a retail space to Ziphant Gift Shop for $3,300 per month. Ziphant Gift Shop prepaid $3,300 on
a and b please
Yeesom Properties rented out a retail space to Ziphant Gift Shop for $3,300 per month. Ziphant Gift Shop prepaid $3,300 on September 15, 2018 for October's rent and started its occupancy on October 1, 2018. Unfortunately, Ziphant Gift Shop experienced short-term cash flow problems and could not afford to pay November's rent on time. Yeesom Properties agreed to let Ziphant Gift Shop pay for both November and December rent on December 31. Ziphant Gift Shop paid $6,600 cash to Yeesom Properties on December 31. Both Yeesom Properties and Ziphant Gift Shop record adjusting entries at the end of every month. Required a) Record all necessary journal entries for Yeesom Properties from September 15 to December 31, 2018. 188 The Accounting Cycle: Adjustments b) Record all necessary journal entries for Ziphant Gift Shop from September 15 to December 31, 2018. \begin{tabular}{|l|l|l|l|l|} \hline Date & Account Title and Explanation & PR & Debit & Credit \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular}Step by Step Solution
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