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Suppose Macomb, a specialty clothing store, rents space at a local mall for one year, paying $24,000($2,000/month) in advance or October 1. Required: 1.82. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of Prepaid Rent and Rent Expense (assuming the balance of Prepaid Rent at the beginning of the year is $0 ). Complete this question by entering your answers in the tabs below. Record the necessary entries in the Journal Entry Worksheot below, (If no entry is required for a particular transaction/event, sielect "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the purchase of rent for one year, paying $24,000($2,000/month) in advance on October 1. Note: Enter debits before credits. Journal entry worksheet Record the adjusting entry for rent on December 31. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Calculate the year-end adjusted balances of prepaid rent and rent expense (assuming the balance of Prepaid Rent at the beginning of the year is $0 )