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Author Question: On November 1, Duane paid $12,000 in advance for a year's rent. The November 30 adjusting entry for ... (Read 466 times)

jon_i

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On November 1, Duane paid $12,000 in advance for a year's rent. The November 30 adjusting entry for rent expense should include
◦ a credit Prepaid Rent, $12,000
◦ a credit Cash, $1,000.
◦ a debit Rent Expense, $1,000.
◦ a debit Rent Expense, $12,000.


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Marked as best answer by jon_i on Nov 10, 2019

javimendoza7

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jon_i

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Reply 2 on: Nov 10, 2019
:D TYSM


scikid

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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