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Journal entry worksheet Record the five months' rent previously paid in advance. Note: Enter debits before credits. Journal entry worksheet Record the collected rent for

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Journal entry worksheet Record the five months' rent previously paid in advance. Note: Enter debits before credits. Journal entry worksheet Record the collected rent for February, March, and April. Note: Enter debits before credits. Journal entry worksheet Record the two months' rent that has not yet been collected. Note: Enter debits before credits. Landmark Properties owns and operates an apartment building and prepares annual financial statements based on a March 31 fiscal year-end. a. The tenants of one of the apartments paid five months' rent in advance on November 1,2022. The monthly rental is $3,000 per month. The journal entry credited the Unearned Rent account when the payment was recelved. No other entry had been recorded prior to March 31, 2023. b. On January 1, 2023, the tenants of another apartment moved in and paid the first month's rent. The $3,450 payment was recorded with a credit to the Rent Revenue account. However, the tenants have not paid the rent for February or March. They have agreed to pay it as soon as possible. c. On April 22, 2023, the tenants described in (b) paid $10,350 rent for February, March, and April. Required: Prepare the adjusting journal entry for each of (a) and (b) that should be recorded on March 31, 2023 and the subsequent entry to record the cash collection in (c)

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