end of its predicted 25-year life. Annual depreciation is $27,200 e. Since the company is not large enough to occupy the entire building it owns, it rented space to a tenant at $2,500 per month starting on November 1, 2019. The rent was paid on time on November 1, and the amount received was credited to the Rent Earned account. However, the tenant has not paid the December rent. The company has worked out an agreement with the tenant, who has promised to pay both December and January rent in full on January 15. The tenant has agreed not to fall behind again 1. On November 1, the company rented space to another tenant for $2.265 per month. The tenant paid five months' rent in advance that Thanh General Journal Credit Jan 15 Debit 5,000 Rentamed 5.000 subsequent cash transaction in 2020 for parts and 2 View transactions Journal entry worksheet Record the receipt of two months rent. Date Jan 15 Det Credit Rantamed 5.000