A one-year store rental lease was signed on March 1 for $1,000 per month, and rent for the first 4 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.]

Transaction 3 A one-year store rental lease was signed on March 1 for $1,000 per month, and rent for the first 4 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: -4000 Account: Prepaid Rent Dollar amount: 4000 Account: Prepaid Rent Dollar amount: -1000 Account: Retained Earnings Dollar amount: 1000 Account: Leave Blank Dollar amount: Foil1=Leave%20Blank Submit Answer Incorrect. Tries 3/5 Previous Tries