On November 1, 2019, Wenger Co. paid its landlord $4,800 in cash as an advance rent payment on its store location. The six-month lease period ends on April 30, 2020, at which time the contract may be renewed. b-2. Prepare the adjusting entry that will be made at the end of every month to show the amount of rent "used" during the month. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the expiration of prepaid rent each month Note: Enter debits before credits. Event General Journal Debit Credit 1 Nevt > Required information [The following information applies to the questions displayed below.) On November 1, 2019, Wenger Co. paid its landlord $4,800 in cash as an advance rent payment on its store location. The six-month lease period ends on April 30, 2020, at which time the contract may be renewed. c. Calculate the amount of prepaid rent that should be reported on the December 31, 2019, balance sheet with respect to this lease. Prepaid rent 9