On November 1, 2020, you prepaid three months of rent, for a total of $15,000. Give your adjusting entry to record rent expense at November 30, 2020. Include the date of the entry and an explanation. Then, using T-accounts, post to the two accounts involved and show their balances at November 30, 2020. KE Record the journal entry for one month's rent expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Date Accounts and Explanation Debit Credit November Post the journal entry to the T-accounts below, and calculate the account balances. The beginning balance of Prepaid Rent has been entered for you (If a box is not used in the T-accounts leave the box empty; do not enter a zero.) Rent Expense Prepaid Rent Nov Nov 30 Nov 30 1 15 000 Nov 30 Bal. Bal a