On July 1st 2019, Howard M. Tenant Inc. rents office space from John Q Landlord for two years starting immediately, at a rate of $1000.00 per month or $24,000.00 in total, the latter was paid in full.

Record the original transaction and appropriate adjusting entries for the years ended 31 December 2019, 2020 and 2021 from the point of view of Tenant and Landlord.

Task 1: On July 1 2019, Howard M. Tenant Inc. rents office space from John Q Landlord for two years starting immediately, at a rate of $1000.00 per month or $24,000.00 in total, the latter was paid in full. Record the original transaction and appropriate adjusting entries for the years ended 31 December 2019, 2020 and 2021 from the point of view of Tenant and Landlord. Tenant Landlord Date A/c Title Debit Credit Debit Credit Jul 1