NOV 15 Investor #2 sells 500 shares of Beacon stock to a younger sister for $500.

Think about this from the corporation's perspective.

Nov 17 Beacon agrees to rent a trailer which it will use as a temporary office. The

rental cost, as determined by AZCO, the lessor, will be $200 per month.

AZCO will pro-rate this month's rent, using a Nov18th start date. Beacon

pays the rent. In the future, rent will be due the first of the month. Beacon cannot receive a discount if the trailer is returned. Therefore, the lessor has determined that a performance obligation has been met on the first day of the month not at the end of the month. Hint - if lessor is recording revenue then the lessee, Beacon should be recording the expense not a prepaid asset. Round your entry to the nearest dollar.