Apex Properties, Inc. owns two warehouse buildings that it rents to other businesses. The two buildings are very desirable properties and this enables Apex to require that renters pay rent in advance. The following is data for each building: Building \#1 - Located at 111 Warehouse Way Rental rate $3,000 per month Number of months of rent collected in advance 3 months Dates when rent is collected in advance January 1, April 1, July 1, October 1 Apex has the accounting policy that rent collected in advance be initially recorded in a liability account. The balance in the Unearned Rent Revenue account as of December 31,2022 was $0. On January 1, 2023, Apex collected cash for the 3 month advance payment of rent for both buildings. The cash collected is detailed below: Building \#1 - for Jan., Feb. \& March - 3 months cash collected ..... (3$3,000).$9,000 Building \#2 - for Jan., Feb. \& March - 3 months cash collected..... (3$4,000).$12,000 Total cash collected on January 1,2023$21,000 The following is a partial list of the accounts in Apex's General Ledger. These are the only accounts you need for this problem. D Cash D Unearned Rent Revenue (liability account) Rent Revenue (revenue account) Use the forms on Tabs and in the Excel workbook Chapter 08b - Problem 81 to Requirement 1 Prepare the January 1, 2023 General Journal entry to record the receipt of the $21,000 cash for 3 months advance payment of rent for both buildings. Requirement 2 Prepare a " T " account analysis to determine the required January 31, 2023 adjustment to the Unearned Rent Revenue account. Hint: The should be balance amount has been put in the " T " account analysis form. Requirement 3 Prepare the January 31, 2023 General Journal adjusting entry for Unearned Rent Revenue. Requirement 4 Prepare a " T " account analysis to determine the required February 28, 2023 adjustment to the Unearned Rent Revenue account. Requirement 5 Prepare the February 28, 2023 General Journal adjusting entry for Unearned Rent Revenue. Requirement 6 What would be the amount of Unearned Rent Revenue (a liability) shown on Apex Properties, Inc.'s Balance Sheet as of February 28, 2023? Dhat would be the amount of Rent Revenue on the Income Statement for the period February 1 to February 28, 2023? Problem 8-2 Collect Cash for Season Tickets and the Monthly Adjusting Entry Sports Enterprise, Inc. (SEI) owns a semi-pro football team. SEI sells three types of season ticket packages. Package \#1 is for all 10 home games. D Package #2 is for the first 5 home games. D Package #3 is for the last 5 home games. Apex Properties, Inc. owns two warehouse buildings that it rents to other businesses. The two buildings are very desirable properties and this enables Apex to require that renters pay rent in advance. The following is data for each building: Building \#1 - Located at 111 Warehouse Way Rental rate $3,000 per month Number of months of rent collected in advance 3 months Dates when rent is collected in advance January 1, April 1, July 1, October 1 Building \#2 - Located at 444 Storage Street Rental rate $4,000 per month Number of months of rent collected in advance 3 months Dates when rent is collected in advance January 1, April 1, July 1, October 1 Apex has the accounting policy that rent collected in advance be initially recorded in a liability account. The balance in the Unearned Rent Revenue account as of December 31, 2022 was $0. On January 1, 2023, Apex collected cash for the 3 month advance payment of rent for both buildings. The cash collected is detailed below: The following is a partial list of the accounts in Apex's General Ledger. These are the only accounts you need for this problem. ( Cash D Unearned Rent Revenue (liability account) Rent Revenue (revenue account) Requirement 1 Prepare the January 1,2023 General Journal entry to record the receipt of the $21,000 cash for 3 months advance payment of rent for both buildings. Requirement 2 Prepare a " T " account analysis to determine the required January 31,2023 adjustment to the Uneamed Rent Revenue account. Hint: The should be balance amount has been put in the " T " account analysis form. Requirement 3 Prepare the January 31, 2023 General Journal adjusting entry for Unearned Rent Revenue. Requirement 4 Prepare a " T " account analysis to determine the required February 28,2023 adjustment to the Unearned Rent Revenue account. Requirement 5 Prepare the February 28, 2023 General Joumal adjusting entry for Unearned Rent Revenue. Requirement 6 Dhat would be the amount of Unearned Rent Revenue (a liability) shown on Apex Properties, Inc.'s Balance Sheet as of February 28, 2023? D. What would be the amount of Rent Revenue on the Income Statement for the period February 1 to February 28,2023? Problem 8-2 Collect Cash for Season Tickets and the Monthly Adjusting Entry Sports Enterprise, Inc, (SEI) owns a semi-pro football team. SEI sells three types of season tickot packages