On September $1,2022,$ a commercial tenant paid its landlord $$18,120$ in cash as an advance rent payment on its store location. The six$-$month lease period ends on February $28,2023,$ at which time the contract may be renewed.

Required:

Use the horizontal model to record the six$-$month advance rent payment on September $1,2022.$Prepare the journal entry to record the six$-$month advance rent payment on September $1,2022.$

Use the horizontal model that will be made at the end of every month to show the amount of rent $$used$$ during the month.Prepare the adjusting entry that will be made at the end of every month to show the amount of rent $$used$$ during the month.

Calculate the amount of prepaid rent that should be reported on the December $31,2022,$ balance sheet with respect to this lease.