C Not secure ! -05185888665470431 1548544316124 The folowing information applies to the questions displayed below Calco, Inc, rents its store location. Rent is $6.000 per month, payable quarterly in advance. On July 1 a check for $18,000 was issued to the landiard for the July-September quarter Requirement 1 a. Prepare the Horizontal model for each of the tollowing transactions a. To record the payment on July 1, assuming that all $18,000 is initially recorded as Rent Expense b. To record the adjustment that would be appropniate at Juty 31 if your entry in a had been made c. To record the initial payment on July 1 as Prepaid Rent d. To record the adjustment that would be appropriate at July 31 if your entry in c had been made 0, regardless of how the initial payment on July 1 had been recorded (and assuming that the July 31 adjustment e. To record the adjustment that wouild be appropnate at August 31 and September had been made). (Enter decreases to account balances with a minus sign. Balance Sheet Liabilities Net income Assets O B9 DeLL F9 F0FI Fe Deck Your Know. x C Not secure b. White the journal entry for each of the following transactions (i no entry is required for -0.5185888665470431 1548544316124 select No journal entry required in the first account eld a. To record the payment on July 1, assuming that all $18,000 is initially recorded as Rent Expense b. To record the adjustment that woukd be appropriate at July 31 if your entry in a had been made CTO record the initial payment on July 1 as Prepaid Rent d. To recoed the adjustment that would be appropriate at July 31 if your entry in c had been made e. To record the adjustment that would be appropriate at August 31 and September 30, regardless of how the initial payment on July 1 had been recorded (and assuming tha the uly 31 adjsiment had been made) View transaction list Journal entry worksheet To record the payment on July 1, assuming that all $18,000 is initially recorded as Rent Expense. Note: Enter debits before credits 26-0 Search Windows eBook.Analyze a transaction..prepare a journal entry 3. If you were supervising the bookkeeper, how would you suggest that the July 1 payment be recorded? O The payment should be initially recorded with a credit to Rem O The payment should be initially recorded with a debit to Rent O The payment should be initially recorded with a credit to Prepaid Rent. O The payment should be initially recorded with a debit to Prepaid Rent. eBook & Resources journal enty Search Windows