Markus Sales and Service completed the following transactions during 2023. Aug 31 Paid $18,000 store rent covering the six-month period ending February 29,2024 Dec. 1 Collected $7,600 cash in advance from customers. The service revenue earned will be $1,900 each month over the four-month period ending March 31,2024 Required Requirement 1. Journalize these entries by debiting an asset account for Prepaid Rent and by crediting a lability account for Unearned Service Revenue. Explanations are not required (Record debits first, then credits.) Begin by recording the August 31 entry by debing an asset account for Prepaid Rent Record the December 1 entry by crediting a liability account for Unearned Service Revenue Requirement 2. Journalize the related adjustments at December 31, 2023 Explanations are not required (Record debits first, then credits.) Joumalize the adjustment related to the Prepaid Rent account at December 31,2023 Requirement 3. Post the entries to the T-accounts, and show their balances at December 31, 2023. (Use the first available cell box empty; do not enter " 0. " The beginning balances have been entered for you.) Requirement 4. Repeat requirements 1 through 3 . This time, debit Rent Expense for the rent payment and credit Servi Record the August 31 entry. This time, debit Rent Expense instead of Prepaid Rent (Record debits first, then credits. Record the December 1 entry. This time, credit Service Revenue instead of Unearned Service Revenue. Requirement 5. Comsare fhe accoumt baiances in fequirements 3 and 4 The T account endan baances cakculated under regurement 3 are the T-account balances caiculated in requirement 4 mompleted the folowing tuansations durng 2tes ient covenng the sx emontt peried eoging fetiniry 292724 Required 1. Journake thele entres ty atbeng an anset acrount tor Prepoud furt and by ciedting a labity wicount tor themed Serece Hewenoe Explanutons ape notregured net repined 2023