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On January 1st 2020, Julep Drinkware paid $3,000 to Louisville Luxury Rentals for rent. The $3,000 payment covers rent for Julep Drinkwares storefront for three

On January 1st 2020, Julep Drinkware paid $3,000 to Louisville Luxury Rentals for rent. The $3,000 payment covers rent for Julep Drinkwares storefront for three months ending March 31st, 2020. Julep Drinkware makes adjusting entries at the close of each month. Using the dashboard below address the following concerning the payment and subsequent adjusting entries.

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