A company's accounting records included the following accounts. Accounts Receivable (A) 1/1 426 2,585 | a 12/31 Prepaid Rent (A) 1/1 45 68b 12/31 73 Deferred Revenue (L) 384 1/1 C 362 388 12/31 452 Required: 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. Transactions 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. 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. Rocuired2 A company's accounting records included the following accounts. Accounts Receivable (A) 1/1 426 2,585 12/31 452 Prepaid Rent (A) 1/1 45 68b 12/31 73 Deferred Revenue (L) 384 1/1 c362 388 12/31 Required: 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 Compute the missing amounts. Decrease = $ Accounts Receivable Prepaid Rent Deferred Revenue Beginning Increase $ 426 $ 2,585 $ 45 $ 68 $ 384 362 Ending 452 $ 73 $ $ $ 11 388