When Mookie The Beagle Concierge started stocking Mookie The Beagle Concierge branded inventory. Cy rented a centrally located storage locker with digital access. This permits Mookie The Beagle Concierge contractors to access the storage locker for deliveries to customers. Cy has digital surveillance and from his smartphone can electronically permit the contractors access when they arrive at the storage locker. In addition, all inventory has an RFID chip that is automatically read when the contractor passes the storage locker door to exit. This feature improves inventory control in that Cy is immediately notified on his smartphone when any inventory is removed from the storage locker. The storage locker streamlines operations. The only issue is that Cy overlooked recording the storage locker rental in QBO. Complete the following adjusting entry for Mookie The Beagle Concierge. In anticipation of stocking Mookie The Beagle Concierge branded inventory. Cy charged $864 for 6 months storage locker rental from Lynne's Space to Mookie The Beagle Concierge's VISA credit card on January 1, 2022. So at the end of the accounting perio on January 31, Mookie The Beagle Concierge has used 1 month of rent @ $144 ($864/6 months = $144 per month). The unused ren ($720) is Prepaid Expense: Prepaid Rent, an asset account with future benefit. Since Cy had not recorded anything related to the storage locker rental, an adjusting entry is needed to bring accounts up to date at January 31. 1. Complete the following table. (Round your answer to 2 decimal places.) Rent Prepaid Expenses: Rent VISA Credit Card Account Debit Credit Account Type Expense Asset Liability 2. Create Adjusting Journal Entry. (Round your answer to 2 decimal places.) a. Select Create (+) Icon> Journal Entry b. Enter the adjusting journal entry in QBO on January 31, 2022 c. Enter Journal No.: ADJ 3 d. Complete the following table to represent the adjusting entry that you recorded. Increase or Decrease? Decrease Increase Decrease Account Debit or Credit? Debit Credit Debit Amount Amount