The Metropolitan Bakery Paid $12,000 in Advance for Six Months

Multiple Choice

The Metropolitan Bakery paid $12,000 in advance for six months of rent.Which of the following records this transaction?

A) dr Cash and cr Unearned Rent for $12,000
B) dr Prepaid Rent and cr Cash for $12,000
C) dr Cash and cr Prepaid Rent for $12,000
D) dr Rent Expense and cr Cash for $12,000