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On November 1, 2022, Wenger Company paid its landlord $4,500 in cash as an advance rent payment on its store location. The six-month lease
On November 1, 2022, Wenger Company 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, 2023, at which time the contract may be renewed. Exercise 5-22 (Algo) Part a (1) Required: a-1. Prepare the horizontal model to record the six-month advance rent payment on November 1, 2022. Note: Enter decreases to account balances with a minus sign. Assets Balance Sheet Liabilities + Stockholders' Equity Net Income Rev
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