The following two events occurred for Jason Co. on October 31, the end of its fiscal year. a. Jason rents a building from its owner for $3,000 per month. By a prearrangement, the company delayed paying October's rent until November 5. On this date, the company paid the rent for both October and November. b. Jason rents space in a building it owns to a tenant for $600 per month. By prearrangement, the tenant delayed paying the October rent until November 8. On this date, the tenant paid the rent for both October and November Required: 1. Prepare adjusting entries that the company must record for these events as of October 31. 2. Assuming Jason does not use reversing entries, prepare journal entries to record Jason's payment of rent on November 5 and the collection of the tenant's rent on November 8. 3. Assuming that the company uses reversing entries, prepare reversing entries on November 1 and the journal entries to record Jason's payment of rent on November 5 and the collection of the tenant's rent on November 8. Journal entry worksheet Trey rents a building from its owner for $3,000 per month. By a prearrangement, the company delayed paying October's rent until November 5. On this date, the company paid the rent for both October and November. Note: Enter debits before credits. General Journal Debit Credit Date Oct 31 Record entry Clear entry View general journal Journal entry worksheet Trey rents space in a building it owns to a tenant for $600 per month. By prearrangement, the tenant delayed paying the October rent until November 8. On this date, the tenant paid the rent for both October and November. Note: Enter debits before credits. General Journal Debit Credit Date Oct 31 C 11 / LITT TUTTE TTTTT Record entry Clear entry View general journal Journal entry worksheet Record Trey's payment of rent on November 5 Note: Enter debits before credits. General Journal Debit Credit Date Nov 05 32 Record entry Clear entry View general journal Journal entry worksheet Record Trey's collection of the tenant's rent on November 8. Note: Enter debits before credits. General Journal Debit Credit Date Nov 08 HET 3336 Record entry C lear entry View general journal Journal entry worksheet 1 2 3 Record the reversing entry related to rent expense, if a Note: Enter debits before credits. Date General Journal Nov 01 L D ebit Credit Record entry Clear entry View general journal Journal entry worksheet