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. ces 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 + may be Income Statement uity Net Income Revenues Expenses 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 a (2) a-2. Prepare the journal entry to record the six-month advance rent payment on November 1, 2022. 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 1 Record a six-month advance rent payment Note: Enter debits before credits. Date General Journal Debit Credit < Prev 8 9 10 of 10 Next >