Piercey8092 Piercey8092
  • 14-01-2020
  • Business
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Assume that cash is paid for rent to cover the next year.
The appropriate debit and credit are:

A. Debit Rent Expense, credit Cash.
B. Debit Prepaid Rent, credit Rent Expense.
C. Debit Prepaid Rent, credit Cash.
D. Debit Cash, credit Prepaid Rent.

Respuesta :

Kricky13
Kricky13 Kricky13
  • 14-01-2020

Answer:

D. Debit Cash, credit Prepaid Rent

Explanation:

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