Question: On September 1, 2023, Baker Construction, Inc. signed a contract to rent a warehouse. Baker's rent on the warehouse started that same day. On September
On September 1, 2023, Baker Construction, Inc. signed a contract to rent a warehouse. Baker's rent on the warehouse started that same day. On September 1 , the landlord did not require Baker to pay the first month's rent. The landlord indicated that she would stop-by on October 5 to collect the $2,000 of rent for the month of September. The following is a partial list of the accounts in Baker's General Ledger. These are the only accounts you need for this problem. Cash Dent Payable (liability account) Rent Expense Use the forms on Tab 78 in the Excel workbook Chapter 07c - Problem 7.1 to 7-8 Forms to complete this problem. Requirement 1 Prepare the General Journal entry Baker should make on September 1,2023 . If no entry is required, put "No Entry Required" on the General Journal form. Requirement 2 Prepare the September 30, 2023 Rent Payable adjusting entry. If no entry is required, put "No Entry Required" on the General Journal form. Requirement 3 Prepare the General Journal entry Baker should make on October 5,2023 to record the $2,000 payment of September's rent. If no entry is required, put "No Entry Required" on the General Journal form
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