Question

On April 1, Sport Courts of Toledo prepaid six months of rent, $ 4,800.

Requirements
1. Record the journal entry for the April 1 payment.
2. Record the adjusting entry required at April 30.
3. Using T-accounts, post the journal entry and adjusting entry to the accounts involved and show their balances at April 30. (Ignore the Cash account.)



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  • CreatedJanuary 16, 2015
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