A company's accounting records included the following accounts. Accounts Receivable (A) 1/1 12/31 480 3,065 a 380 Required: Prepaid Rent (A) 1/1 39 73 b 12/31 75 Deferred Revenue (L) 318 1/1 394 346 12/31 1. For each T-account, describe the typical transactions that cause it to increase and decrease. 2. Compute the missing amounts. Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each T-account, describe the typical transactions that cause it to increase and decrease. Accounts Accounts Receivable Accounts Receivable Prepaid Rent Prepaid Rent Deferred Revenue Deferred Revenue Sales to customers on account. Cash collections from customers. Transactions Cash payments for rent related to future periods. The benefits of these prepayments are used up over time. Cash received from customers for goods or services to be provided in the future. Goods and services are provided. < Required 1 Required 2 > Increase and Decrease Prev 7 of 11 Next