Central Shopping Ltd. rented a small store to Joseph’s Bakery Ltd. on September 1 for a year at a rate of $1,200 per month. The first and last month’s rent were payable in advance on September 1. 

(a) For Central Shopping, prepare the journal entry to record receipt of the rent on September 1 and the adjusting entry required on September 30, assuming adjusting entries are prepared monthly. 

(b) For Joseph’s Bakery, prepare the journal entry to record payment of the rent on September 1 and the adjusting entry required on September 30, assuming adjusting entries are prepared monthly.