Question: All applicable Problems are available in Connect. Problem 7.25 Unearned revenues rent (Note: See Exercise 5.20 for the related prepaid Lo 3 expense accounting.) On

All applicable Problems are available in Connect. Problem 7.25 Unearned revenues rent (Note: See Exercise 5.20 for the related prepaid Lo 3 expense accounting.) On November 1, 2016, Gordon Co. collected $75.600 in cash from its tenant as an advance rent payment on its store location. The six-month lease period ends on April 30, 2017, at which time the contract may be renewed. Required: a. Use the horizontal model (or write the journal entries) to record the effects of the following items for Gordon Co.: 1. The six months of rent collected in advance on November 1,2016. 2. The adjustment that will be made at the end of each month to show the amount of rent "earned" during the month

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