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On November 1 , 2 0 2 2 , Gordon Company collected $ 7 , 6 8 0 in cash from its tenant as an
On November Gordon Company collected $ in cash from its tenant as an advance rent payment on its store
location. The slxmonth lease perlod ends on April at which time the contract may be renewed.
Required:
a Use the horizontal model to record the effect of the six months of rent collected In advance on November for Gordon
Company.
Use the horizontal model to record the effect of the adjustment that will be made at the end of each month to show the amount
of rent "earned" during the month for Gordon Company.
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Use the horizontal model to record the effect of the six months of rent collected in advance on November for Gordon Company.
Note: Enter decreases with a minus sign to indicate a negative financial statement effect.
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