Suppose Hoosiers, a specialty clothing store, rents space at a local mall for one year, paying $25,200 (\$2,100/month) in advance on October 1 . Required: 1. Determine the financiai statement effects for the payment of rent in advance on October 1. 2. Determine the firancial statement effects for the adjusting entry for rent expired by December 31 (8) Answer is not complete. Complete this question by entering your answers in the tabs below. 1. Determine the financial statement effects for the payment of rent in advance on October 1 . 2. Determine the financial statement effects for the adjusting entry for rent expired by December 31 . 10. Answer is not complete. Complete this question by entering your answers in the tabs below. Determine the financial statement effects for the acjusting entry for rent expired by bocember 31. (Amounts to be deducted should be entered mish m Suppose Hoosiers, a specialty clothing store, rents space at a local mall for one year, paying $25,200 (\$2,100/month) in advance on October 1 . Required: 1. Determine the financiai statement effects for the payment of rent in advance on October 1. 2. Determine the firancial statement effects for the adjusting entry for rent expired by December 31 (8) Answer is not complete. Complete this question by entering your answers in the tabs below. 1. Determine the financial statement effects for the payment of rent in advance on October 1 . 2. Determine the financial statement effects for the adjusting entry for rent expired by December 31 . 10. Answer is not complete. Complete this question by entering your answers in the tabs below. Determine the financial statement effects for the acjusting entry for rent expired by bocember 31. (Amounts to be deducted should be entered mish m