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Office Rental, Inc. owns an office building that it rents to Watson Company. The building is in a location that is not very desirable. To

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Office Rental, Inc. owns an office building that it rents to Watson Company. The building is in a location that is not very desirable. To provide an incentive for Watson to rent the building, Office Rental, Inc. collects rent at the end of each 6 months. The following is data for the office building: The office building located at 123 itsADump Drive is the only rental property owned by Office Rental, Inc. After making the April 30, 2023 Rent Receivable adjusting entry, the balance in Office Rental Inc.'s Rent Receivable account is $1,800. This balance represents 4 month's (Jan., Feb., Mar., Apr.) of rent due from Watson. The following is a partial list of the accounts in Office Rental Inc.'s General Ledger. These are the only accounts you need for this problem. Cash D Rent Receivable (asset account) Rent Revenue (revenue account) Use the forms on Tab 84 in the Excel workbook Chapter 08 b-Problem 8-1 to 8-4 Forms to complete this problem. Requirement 1 Prepare the May 31, 2023 General Journal adjusting entry to accrue May's Rent Recelvable. Requirement 2 Dhat would be the amount of Rent Receivable shown on Office Rental Inc.'s Balance Sheet as of May 31, 2023? 1) What would he the amount of Rent Revenue on Office Rental Ine 's Incnme Statemant for The office building located at 123 itsADump Drive is the only rental property owned by Office Rental, Inc. After making the April 30, 2023 Rent Receivable adjusting entry, the balance in Office Rental Inc.'s Rent Receivable account is $1,800. This balance represents 4 month's (Jan., Feb., Mar., Apr.) of rent due from Watson. The following is a partial list of the accounts in Office Rental Inc.'s General Ledger. These are the only accounts you need for this problem. Cash D Rent Receivable (asset account) Rent Revenue (revenue account) Use the forms on Tab 84 in the Excel workbook Chapter 08b - Problem 81 to 84 Forms to complete this problem. Requirement 1 Prepare the May 31, 2023 General Journal adjusting entry to accrue May's Rent Receivable. Requirement 2 Dhat would be the amount of Rent Receivable shown on Office Rental Inc.'s Balance Sheet as of May 31, 2023 ? Dhat would be the amount of Rent Revenue on Office Rental Inc.'s Income Statement for the period May 1 to May 31,2023 ? Requirement 3 Prepare the June 30, 2023 General Journal entry to record the receipt of cash by Office Rental, inc. from Watson for the 6 months of rent from January to June. Hint: The account names have been put in the General Journal

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