On November 1, 2022, Wenger Company paid its landlord $4,080 in cash as an advance rent payment on its store location. The six-month lease period ends on April 30, 2023, at which time the contract may be renewed. a-2. Prepare the journal entry to record the six-month advance rent payment on November 1, 2022. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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On November 1, 2022, Wenger Company paid its landlord $4,080 in cash as an advance rent payment on its store
location. The six-month lease period ends on April 30, 2023, at which time the contract may be renewed.
a-2. Prepare the journal entry to record the six-month advance rent payment on November 1, 2022.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
View transaction list
Journal entry worksheet
< 1
Record a six-month advance rent payment
Note: Enter debits before credits.
Date
November 01, 2022
Record entry
General Journal
Clear entry
Debit
Credit
View general journal
>
Transcribed Image Text:! Required information [The following information applies to the questions displayed below] On November 1, 2022, Wenger Company paid its landlord $4,080 in cash as an advance rent payment on its store location. The six-month lease period ends on April 30, 2023, at which time the contract may be renewed. a-2. Prepare the journal entry to record the six-month advance rent payment on November 1, 2022. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet < 1 Record a six-month advance rent payment Note: Enter debits before credits. Date November 01, 2022 Record entry General Journal Clear entry Debit Credit View general journal >
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