1.

Required:
a.1	Use the horizontal model to record the effect of the six months ofrent collected in advance on November 1, 2013 for Gordon Co.(Enter decreases to account balances with a minus sign.)
	Balance Sheet Income Statement Assets = Liability +Stockholders Equity Net Income = Revenue-Expenses ________=_______+_____________ ______________=_____________-_______________________

a.2	Use the horizontal model to record the effect of the adjustment that will be made at the end of each month to show the amount of rent "earned" during the month for Gordon Co.(Enter decreases to account balances with a minus sign.)
	Balance Sheet Income Statement Assets = Liability +Stockholders Equity Net Income = Revenue-Expenses _______=_______+_____________ ______________=_____________-_______________________

rev: 07_10_2014_QC_51280

References eBook & Resources WorksheetDifficulty: HardLearning Objective: 07-03 Discuss what unearned revenues are and how they are presented in the balance sheet.Check my work 2. value: 0.60 points Required information

a.1	Record the journal entry to show the effect of the six months ofrent collected in advance on November 1, 2013 for Gordon Co.

a.2

Record the journal entry to show the effect of the adjustment that will be made at the end of each month to show the amount of rent "earned" during the month for Gordon Co.