Multiple Choice
The unadjusted trial balance shows a $15,000 balance for Prepaid Rent. At the end of the year, $3,000 of the rent had been used. The adjusted trial balance reflects a balance for Prepaid Rent of:
A) $12,000 debit.
B) $12,000 credit.
C) $3,000 debit.
D) $3,000 credit.
Correct Answer:
Verified
Correct Answer:
Verified
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