On 1/1/20, World Series Inc. paid $10 in advance to cover office rent for the period 1/1/20-12/31/20.

Please fill out these boxes:

for ALL of these boxes, you can choose - which indicates that none of the answers are applicable

Balance Sheet

cash asset box: -10 or 10

Non-cash assets box 1: -10 or 10

Non-cash assets box 2:prepaid rent, rent expense, or rent payable

Liabilities box 1:-10 or 10

Liabilities box 2:prepaid rent, rent expense, or rent payable, or retained earnings

contrib capital box 1: -10 or 10

contrib capital box 2:prepaid rent, rent expense, or rent payable, or retained earnings

earned capital box 1: -10 or 10

earned capital box 2: prepaid rent, rent expense, or rent payable, or retained earnings

Income Statement

revenues box 1: - or 10

revenues box 2: prepaid rent, rent expense, or rent payable

expenses box 1: - or 10

expenses box 2: - prepaid rent, rent expense, or rent payable

net income: -10 or 10

On 1/1/20, World Series Inc. paid $10 in advance to cover office rent for the period 1/1/20 12/31/20. Balance Sheet: Income Statement