Multiple Choice
Coyote Co. paid $8,000 rent in advance. The journal entry would require:
A) debit to Cash, credit to Rent Expense.
B) debit to Cash, credit to Prepaid Rent.
C) debit to Rent Expense, credit to Cash.
D) debit to Prepaid Rent, credit to Cash.
Correct Answer:
Verified
Correct Answer:
Verified
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