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Required information [The following information applies to the questions displayed below.) On November 1, 2019, Wenger Co. paid its landlord $4,080 in cash as an
Required information [The following information applies to the questions displayed below.) On November 1, 2019, Wenger Co. paid its landlord $4,080 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. 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.) Balance Sheet Income Statement Assets Liabilities + Stockholders' Equity Net Income = Revenues ce rent payment on its store location. The be renewed. ovember 1, 2019. (Use amounts with + for Income Statement + Stockholders' Equity Net Income Revenues Expenses
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