Multiple Choice
A company records a transaction in which six months' rent is paid in advance.Which of the following journal entries records the transaction?
A) Prepaid Rent - Debit;Cash - Credit
B) Rent Receivable - Debit;Cash - Credit
C) Rent Revenue - Debit;Cash - Credit
D) Rent Expense- Debit;Cash - Credit.
Correct Answer:
Verified
Correct Answer:
Verified
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