On January 1, Power House Co. prepaid the annual rent of $21,100. Journalize this transaction. If an amount box does not require an entry, leave it blank. Jan. 1 Accounts Payable Cash Prepaid Rent Rent Expense Rent Revenue On January 1, Power House Co. prepaid the annual rent of $21,100. Journalize this transaction. If an amount box does not require an entry, leave it blank. Jan. 1