Required information [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. 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 a-2. Prepare the journal entry to record the six-month advance rent payment on November 1, 2019. (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 November 01, 2019 General Journal Debit Credit Record entry Clear entry View general journal > 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. (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 the expiration of prepaid rent each month Note: Enter debits before credits. Event 1 General Journal Debit Credit Record entry Clear entry View general journal c. Calculate the amount of prepaid rent that should be reported on the December 31, 2019, balance sheet with respect to this lease. Prepaid rent