Required information (The following information applies to the questions displayed below.) On November 1, 2019, Gordon Co. collected $7,320 in cash from its tenant 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. a-3. Record the journal entry to show the effect of the six months of rent collected in advance on November 1, 2019 for Gordon Co. (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 Record the receipt a six-month advance rent payment. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal a-4. Record the journal entry to show the effect of the adjustment that will be made at the end of each month to show the amount of rent "earned" during the month for Gordon Co. (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 Record a reduction in the liability account for rent earned each month. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal Required information [The following information applies to the questions displayed below.] On November 1, 2019, Gordon Co. collected $7,320 in cash from its tenant 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. b. Calculate the amount of unearned rent that should be shown on the December 31, 2019, balance sheet with respect to this lease. Unearned rent ! Required information (The following information applies to the questions displayed below.] On November 1, 2019, Gordon Co. collected $7,320 in cash from its tenant 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. c. Suppose the advance collection received on November 1, 2019, covered an 24-month lease period at the same amount of rent per month. How should Gordon Co. report the unearned rent amount on its December 31, 2019, balance sheet? Current liability Noncurrent liability