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Required information Exercise 5-22 (Algo) Prepaid expenses-rent LO 5-10 [The following information applies to the questions displayed below) On November 1, 2022, Wenger Company
Required information Exercise 5-22 (Algo) Prepaid expenses-rent LO 5-10 [The following information applies to the questions displayed below) On November 1, 2022, Wenger Company paid its landlord $3,660 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 b (2) b-2. Prepare the adjusting entry that will be made at the end of every month to show the amount of rent "used" during the month. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet < A Record the expiration of prepaid rent each month Note: Enter debits before credits. Event 1 General Journal. Debit Credit
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