Nov. 1 Paid S6,500 store rent covering the five-month period ending March 31, 2015. Nov. 1 Paid $8,000 insurance covering the four-month period ending February 28, Dec. 1 Collected $3,200 cash in advance from customers. The service revenue will be Dec. 1 Collected $4,500 cash in advance from customers. The service revenue will be 2015. earned S800 monthly over the four-month period ending March 31, 2015. Print Done