Test # $1($Chapters $1-3)1$

$33$

This company's accounting policies require it to debit expense accounts when expenses are paid in advance, and to credit revenue accounts when customers pay for services in advance. Record entries for the company's following transactions.

November $1$ The company collected $$16,800$ cash for six$-$months' rent in advance from a tenant covering rent from November $1$ through December $31$ The company prepared any necessary year$-$end adjusting entries.

Skipped

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Journal entry worksheet

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$2$ The company prepared any necessary year$-$end adjusting entries

Note: Enter debits before credits.