On July 1, 20x3, Howard M. Tenant Inc. rents office space from John Q Landlord for two years, starting immediately, at a rate of $100 per month, or $2,400 in total. The full $2,400 was paid on this date

Required:

Record the original transaction and the appropriate adjusting entries in 20x3, 20x4, and 20x5 from the point of view of the tenant and landlord. For the Landlord, record only the first day of the original transaction.