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Suppose Farina, a specialty clothing store, rents space at a local mall for one year, paying $21,600 ($1,800/month) in advance on October 1 Required: 1.&2.

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Suppose Farina, a specialty clothing store, rents space at a local mall for one year, paying $21,600 ($1,800/month) in advance on October 1 Required: 1.&2. Record the necessary entries in the Journal Entry Worksheet below 3. Calculate the year-end adjusted balances of Prepaid Rent and Rent Expense (assuming the balance of Prepaid Rent at the beginning of the year is $0) Complete this question by entering your answers in the tabs below. Required 1 Required 3 and 2 Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the purchase of rent for one year, paying $21,600 ($1,800/month) in advance on October 1. Note Enter debits before credits General Journal Debit Credit Date October 01 Record entry View general journal Required 3 > Clear entry Record the adjusting entry for rent on December 31. Note Enter det before credits Date General Journal December 31 Debit Credit Record entry Clear entry View general Journal CRAEG 2 Required 3 > Suppose Farina, a specialty clothing store, rents space at a local mall for one year, paying $21,600 ($1,800/month) in advance on October 1. Required: 1.&2. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of Prepaid Rent and Rent Expense (assuming the balance of Prepaid Rent at the beginning of the year is $0). Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 Calculate the year-end adjusted balances of prepaid rent and rent expense (assuming the balance of Prepaid Rent at the beginning of the year is $0). Ending Balance Prepaid rent Rent expense 4

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