Question: BE2.6 (LO 2, 3) LaBouche AG owns a warehouse. On November 1, it rented storage space to a lessee (tenant) for 3 months for a

BE2.6 (LO 2, 3) LaBouche AG owns a warehouse. On November 1, it rented storage space to a lessee (tenant) for 3 months for a total cash payment of €2,400 received in advance. Prepare LaBouche’s November 1 journal entry and the December 31 annual adjusting entry.

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