Multiple Choice
Prepaid rent in the worksheet's trial balance column is $4 000. Prepaid rent in the balance sheet column is $2 000. Which of the following entries would have caused this difference?
A) A $2 000 credit entry to Prepaid rent in the worksheet's adjustments column
B) A $2 000 debit entry to Cash in the worksheet's adjustments column
C) A $2 000 debit entry to Prepaid rent in the worksheet's adjustments column
D) A $2 000 credit entry to Rent expense in the worksheet's adjustments column
Correct Answer:
Verified
Correct Answer:
Verified
Q30: Prepaid rent is usually a non-current asset.
Q103: Where can closing entries be found?<br>A)On a
Q104: Which of the following is NOT a
Q105: What is the key distinction between current
Q106: The adjusted balance in the service revenue
Q109: Which of the following is TRUE if
Q110: The adjusting entry for depreciation would include
Q111: Please refer to the worksheet below. Enter
Q112: Please refer to the partially completed worksheet
Q156: Permanent accounts are NOT closed at the