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Suppose Hoosiers, a specialty clothing store, rents space at a local mall for one year, paying $23,400($1950month) in advance on October 1.

Brief Exercise 3-7 Parts 1 and 2 1. &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 Ig Record the payment of rent in advance on October 1 Note: Enter debits before credits. Debit Credit October 01 Record entryClear entry View general journal References eBook & Resources