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On November 1, 2016, Wenger Co. paid its landlord $4,500 in cash as an advance rent payment on its store location. The six-month lease period

On November 1, 2016, Wenger Co. paid its landlord $4,500 in cash as an advance rent payment on its store location. The six-month lease period ends on April 30, 2017, at which time the contract may be renewed.

a-2. Prepare the journal entry to record the six-month advance rent payment on November 1, 2016. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Journal entry worksheet

  • Record a six-month advance rent payment

Note: Enter debits before credits.

Date General Journal Debit Credit
November 01, 2016

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