$[$The following information applies to the questions displayed below.$]$

On November $1,2022,$ Gordon Company collected $$7,680$ in cash from Its tenant as an advance rent payment on its store

location. The six$-$month lease perlod ends on April $30,2023,$ at which time the contract may be renewed.

quired:

Use the horizontal model to record the effect of the six months of rent collected in advance on November $1,2022$ for Gordon

Company.

Use the horizontal model to record 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 Company.

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Required A$1$

Jse the horizontal model to record 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 Company.

lote: Enter decreases with a minus sign to indicate a negative financial statement effect.