To market Mindream, BMart has leased an additional storefront for $12$ months, starting $1$March $2024.$ Rent at $$2,500$ fortnightly must be prepaid in full for the contract duration on $1$ March $($consider $26$ fortnights per year$).$

Provide all journal entries that are necessary in the books of BMart to account for the signing of the renting contract, the payment of rent for the duration of the contract, and the incurrence of rent for the months of March and April.