Current Attempt in Progress

Pharoah Corporation owns a warehouse. On November $1,$ it rented storage space to a lessee $($tenant$)$ for $3$ months for a total cash payment of $$3,150$ received in advance. Prepare Pharoah's N$$ember $1$ journal entry and the December $31$ annual adjusting entry. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No entry" for the account titles and enter $0$ for the amounts. Record journal entries in the order presented in the problem.$)$

Date Account Titles and Explanation

Debit

Credit