Indigo University Student Housing Inc, requires all tenants to pay a $$500$ security deposit, which will be returned at the end of the lease, less any repair costs on the apartment. Indigo rented $230$ apartments in the current month. Prepare the entry to record the security deposits collected. $($If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries,$)$

Account Titles and Explanation

Debit

Credit