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On September 1, Northampton Industries signed a month lease for office Space, which effective September 1. Northampton agreed to prepay the rent and maled September

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On September 1, Northampton Industries signed a month lease for office Space, which effective September 1. Northampton agreed to prepay the rent and maled September 1. Assume that Northampton prepares adjustments only four times a year on March 31, Sane 30 September 30, and December 31 check for $10.10 to the landlord on month 1. Compute the rental cost for each per month 2. Identify and analyze the effect of the transaction for the payment of rent on September 1 Statement(s) How does this entry affect the accounting equation! If a financial statement tem is not affected, select "hory and leave the amount box blank the effect on a facilement com a decres, be sure to enter the name with a minus Income Statement Balance Sheet 3. Identify and analyse the effect of the adjustment on September 30, Activity Accounts Statement(s)

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