Required:a. Use the horizontal model (or write the journal entries) to record th

Required:a. Use the horizontal model (or write the journal entries) to record the effects of the following items for Gordon Co.:1. The six months of rent collected in advance on November 1 2010.2. The adjustment that will be made at the end of every month to show the amount of rent ?oearned?? during the month.b. Calculate the amount of unearned rent that should be shown on the December 31 2010 balance sheet with respect to this lease.c. Suppose the advance collection received on November 1 2010 covered an 18-month lease period at the same amount of rent per month. How should Gordon Co. report the unearned rent amount on its December 31 2010 balance sheet?