Multiple Choice
On June 1,2014,Starbucks paid the rent of $60,000 for 30 different stores in Washington and California.The rent covers the period,June 1,2014 through November 30,2014.On June 1,Starbucks will record ________.On June 30,Starbucks will record ________.
A) Rent Expense of $60,000; nothing
B) nothing; Rent Expense of $60,000
C) nothing; Rent Expense of $10,000
D) Prepaid Rent of $60,000; Rent Expense of $10,000
Correct Answer:

Verified
Correct Answer:
Verified
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