On December $1,2022,$ an advance rent payment of $$11,700,$ representing a three$-$month prepayment for the months of December, January, and February, was received in cash from the company's tenant.

Required:

Use the horizontal model to record the effects of the following items and complete the below table. Indicate the financial statement effect.

a$.$ The three months of rent collected in advance on December $1,2022$

b$.$ The adjustment that will be made at the end of each month to show the amount of rent "earned" during the month.

Note: Enter decreases with a minus sign to indicate a negative financial statement effect.

Complete this question by entering your answers in the tabs below.

Required

Required B

Use the horizontal model to record the effects of the three months of rent collected in advance on December $1,2022.$

Note: Enter decreases with a minus sign to indicate a negative financial statement effect.

$\backslash$table$[[$Balance Sheet,Income Statement$],[,=,$Lial,$+,$Stockholders' Equity,$+,$Net income,$=,$Revenues,Expenses$],[$Cash$,=,$Unearned rent revenue,$+,,4,,=,,]]$

Required B $>$