Seth township rents a vacant garage for extra parking space for police vehicles, beginning June 1, 2019. The rental is to be accounted for in the general fund. The township pays $24,000 in advance for two years rent. The citys fiscal year ends on December 31. A. If the township uses the purchases method to account for prepayments, prepare:

1. The journal entry to record the rental on June 1, 2019.

2. Any required journal entries on December 31, 2019.

3. Any required journal entries on December 31, 2020.

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