The records of Hetrick Company and Frear Corporation show the following information. Prepare journal entries, if required, to adjust the books of Hetrick Company or Frear Corporation, as noted. The fiscal year for both companies ends December 31. (A) On December 1, 2017, Hetrick Company received a rent payment for office space leased to Frear Corporation. Because Frear has a very poor credit rating, Hetrick required an advance payment of rent for eighteen months. The payment of $225,000 cash was for the following eighteen months and was credited to deferred rent revenue when it was received. Record the original entry Hetrick made when payment was received on December 1, 2017. Date Account Names Debits Credits 01-Dec-17 Calculations: (B) Refer to (A) above. Record the entry Hetrick should have made, if any, to adjust the books before the close of the year ended December 31, 2017, to record rent revenue earned in December. Date Account Names Debits Credits 31-Dec-17 Calculations: (C) Refer to (A) above. If, on December 1, 2017, when Hetrick Company received the rent payment of $225,000 for office space leased to Frear Corporation, the accountant for Hetrick credited rent revenue instead of deferred rent revenue, what entry should Hetrick have made, if any, before the close of the year ended December 31, 2017 to record rent revenue earned in December? Note: You may want to consider preparing multiple entries to complete this adjustment. Date Account Names Debits Credits 31-Dec-17 Calculations: (D) Refer to (A) above. On December 1, 2017, when Frear Corporation made the payment to Hetrick Company in advance for eighteen months of rent, totaling $225,000, Frear’s accountant debited Prepaid Rent Expense for the entire amount. Record the original entry made by Frear. Date Account Names Debits Credits 01-Dec-17 Calculations: (E) Refer to (D) above. Record the entry Frear should have made, if any, to adjust the books before the close of the year ended December 31, 2017, to record rent expense incurred in December. Date Account Names Debits Credits 31-Dec-17 Calculations: (F) Refer to (D) above. If, on December 1, 2017, when Frear Corporation made the advance rent payment of $225,000, the accountant for Frear debited rent expense instead of prepaid rent expense, what entry should Frear have made, if any, before the close of the year ended December 31, 2017 to record expense incurred in December? Note: You may want to prepare multiple entries for this adjustment. Date Account Names Debits Credits 31-Dec-17 Calculations: (G) Short essay question: What observations do you have about the preceding problems (A) through (F), ...