Suppose Livingston, a specialty clothing store, rents space at a local mall for one year, paying $$19,200($ $$1,\frac{600}{?}$ month$)$ in advance on

October $1.$

Required:

$1.$&$2.$ Record the necessary entries in the Journal Entry Worksheet below.

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 $2$

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.$)$