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A one-year store rental lease was signed on March 1 for $1,200 per month, and rent for the first 3 months was paid in advance.

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A one-year store rental lease was signed on March 1 for $1,200 per month, and rent for the first 3 months was paid in advance. (Note: Record the complete entry for the March 1 transaction first and the complete adjusting entry on March 31 second.] Account: Cash Dollar amount: -3600 Account: Prepaid Rent 3600 Account: Prepaid Rent Dollar amount: Dollar amount: Dollar amount: -1200 Account: Retained Earnings 1200 Account: Leave Blank Dollar amount: Foilt=Leave%20Blank Submit Answer Incorrect. Tries 3/5 Previous Tries

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