Balance Sheet:

Assets$___________ = Liabilities $_____________ + Stockholders Equity $_______________

Income Statement:

Net Income: $____________ = Revenue $____________ - Expenses: $_________________

1b.

On December 1, 2013, an advance rent payment of $13,500, representing a three-month prepayment for the months of December, January, and February, was received in cash from the companys tenant.

Required:

Complete the below table.(Enter decreases to account balances with a minus sign.)

The adjustment that will be made at the end of each month to show the amount of rent "earned" during the month: