! Required information Exercise 5-20 (Algo) Prepaid expenses-rent LO 10 [The following information applies to the questions displayed below.] On November 1, 2019, Wenger Co. paid its landlord $4,560 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. Exercise 5-20 (Algo) Part a (1) Required: a-1. Prepare the horizontal model to record the six-month advance rent payment on November 1, 2019. (Use amounts with + for increases and amounts with - for decreases.) Assets Balance Sheet Liabilities Income Statement Stockholders' Equity Net Income Revenues Expenses