Multiple Choice
Which of the following would be the effect of a transaction to record the portion of prepaid rent that has expired in a period?
A) increase Prepaid Rent,decrease Rent Expense
B) increase Rent Expense,decrease Cash
C) increase Prepaid Rent,decrease Cash
D) increase Rent Expense,decrease Prepaid Rent
Correct Answer:
Verified
Correct Answer:
Verified
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