ince the company does not occupy the entire building it owns, it rented space to a tenant at $1,000 per month, starting on September 1, 2017. The rent was paid on time on September 1, and ited to the Rent Earned account. However, the October rent has not aid. The company has worked out an agreement with the tenant, who has promised to the amount received was cred been p pay both October and November rent in full on November 15. The tenant has agreed not to fall behind again. f. On September 1, the company rented space to another tenant for $725 per month. The tenant paid five months' rent in advance on that date. The payment was recorded with a credit to the Unearned Rent account. Required 1. Use the information to prepare adjusting entries as of October 31, 2017. 2. Prepare journal entries to record the first subsequent cash transaction in November 2017 for parts c Check and e. Expens Following is the unadjusted trial balance for Alonzo Institute as of December 31, 2017. The Institute pro- Prob vides one-on-one training to individuals who pay tuition directly to the business and offers extension Prep training to groups in off-site locations. Shown after the trial balance are items a through h that require adju adjusting entries as of December 31, 2017. finar A1 ALONZO INSTITUTE Unadjusted Trial Balance December 31, 2017 dit 3 Cash $60,000 ince the company does not occupy the entire building it owns, it rented space to a tenant at $1,000 per month, starting on September 1, 2017. The rent was paid on time on September 1, and ited to the Rent Earned account. However, the October rent has not aid. The company has worked out an agreement with the tenant, who has promised to the amount received was cred been p pay both October and November rent in full on November 15. The tenant has agreed not to fall behind again. f. On September 1, the company rented space to another tenant for $725 per month. The tenant paid five months' rent in advance on that date. The payment was recorded with a credit to the Unearned Rent account. Required 1. Use the information to prepare adjusting entries as of October 31, 2017. 2. Prepare journal entries to record the first subsequent cash transaction in November 2017 for parts c Check and e. Expens Following is the unadjusted trial balance for Alonzo Institute as of December 31, 2017. The Institute pro- Prob vides one-on-one training to individuals who pay tuition directly to the business and offers extension Prep training to groups in off-site locations. Shown after the trial balance are items a through h that require adju adjusting entries as of December 31, 2017. finar A1 ALONZO INSTITUTE Unadjusted Trial Balance December 31, 2017 dit 3 Cash $60,000