Faubert Company began operations on January 1, Year 1. The company has drafted its Year 5 comparative financial statements.

Adjusting Journal Entries have been recorded; the Year 5 books are still open. Faubert will be audited for the first time. Auditors have discovered the following possible errors:

Faubert rented office space to Blake Company on January 1, Year 3. Faubert received an advanced payment of $40,000 on that date; the payment covered the Years 3 through 6. Faubert recorded this journal entry on January 1, Year 3:

Cash 40,000

Rent Payable 40,000

No journal entries related to this rent have been recorded since the initial cash receipt on January 1, Year 3.

What is the correcting journal entry? If no correcting journal entry is needed, indicate "No CJE."