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ts first, then credits. Select the explanation on the last line of the journal entry table.) Debit Credit 6 Requirements 1. Record the journal entry for the July 1 payment. 2. Record the adjusting entry required at July 31. 3. Using T-accounts, post the journal entry and adjusting entry to the accounts involved and show their balances at July 31. (lgnore the Cash account) Print Done g entry to the accounts involved and show their balances at July 31 (ignore the Cash account.) e dates as posting references, and then calculate and enter the ending balance of the accounts using a then continue to the next question On July 1, Nick's Sport Shop of Toledo prepaid six months of rent, $4,800. Read the Requirement 1. Record the journal entry for the July 1 payment. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit the adjusting entry required at July 31. Record debits frst then credits. Stolect the esplenatn othe as tne f he unal entry table the last line of the journal entry table.) . (Record debits frst,then credits. Select the explenation on the last ine of the purnal entry table) Date Accounts and Explanation Debit Credit 31 Requirement 3. Using T-accounts, post the journal entry and a sing entry tote acounts n olved and show thei baar es at A31 gr rene cast accout Post the journal entry and adjusting entry to the two accounts using the dates as posting references, and then calculate and enter the ending balance of the accounts using a Baposting refere Choose from any list or enter any number in the input fields and then continue to the next question Requirement 3. Using T-accounts, post the journal entry and adjusting entry to the accounts involved and show their balances at July 31.(ignore the Cash account) Post the joumal entry and adjusting entry to the two accounts using the dates as posting references, and then calculate and enter the ending balance of the accounts using a Bal:posting reference Prepaid Rent Rent Expense ields and then continue to the next question. Choose from any list or enter any nur Ba