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On October 1, Ace Sport of Toledo prepaid six months of rent, $3,900. Read the requirements. 1 Requirements Requirement 1. Record the journal entry for the October 1 payment. (Record debits first, then credits. Select the explanation on the last line of the journal entry Date Accounts and Explanation Debit Credit Oct. 1 1. Record the journal entry for the October 1 payment. 2. Record the adjusting entry required at October 31. 3. Using T-accounts, post the journal entry and adjusting entry to the accounts involved and show their balances at October 31. (Ignore the Cash account.) Print Done Requirement 2. Record the adjusting entry required at October 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Oct. 31 On October 1, Ace Sport of Toledo prepaid six months of rent. $3,900. Read the requirements i Requirements 1. Record the journal entry for the October 1 payment. 2. Record the adjusting entry required at October 31. 3. Using T-accounts, post the journal entry and adjusting entry to the accounts involved and show their balances at October 31. (Ignore the Cash account.) Requirement 2. Record the adjusting entry required at October 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry te Date Accounts and Explanation Credit Oct. 31 Print Done Requirement 3. Using T-accounts, post the joumal entry and adjusting entry to the accounts involved and show their balances at October 31. (Ignore the Cash account.) 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 "Bal" posting reference. Prepaid Rent Rent Expense Choose from any list or enter any number in the input fields and then continue to the next

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