A company's accounting records included the following accounts. Accounts Receivable (A) 1/1 448 2,580 a 12/31 468 Prepaid Rent (A) 1/1 26 76b 12/31 28 Deferred Revenue (L) 242 1/1 C404 334 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. Increase Decrease Ending $ 2,580 $ 468 Accounts Receivable Prepaid Rent Deferred Revenue Beginning $ 448 $ 26 $ 242 $ 76 = $ 28 $ 404 $ 334 A company's accounting records included the following accounts. Accounts Receivable (A) 1/1 448 2,580 a 12/31 468 Prepaid Rent (A) 1/1 26 76 lb 12/31 28 Deferred Revenue (L) 242 1/1 C404 334 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 For each T-account, describe the typical transactions that cause it to increase and decrease. Increase and Decrease Accounts Accounts Receivable Accounts Receivable Prepaid Rent Prepaid Rent Deferred Revenue Deferred Revenue Transactions 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