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Eagle express co. prepaid 4 years rent ($24,000) on Jan 1 20X6. At dec 31, 20x6, eagle prepared a trial balance and then made the necessary adjusting entry at the end of the year. eagle adjusts its accounts once each year - on dec 31.
REQUIRED
Problem 1: What amount appears for prepaid rent on -
a. Eagles unadjusted trial balance at dec 31 20x6
b. eagles adjusted trial balance at dec 20x6
Problem 2: what amount appears for rent expesne on
a. Eagle's unadjusted trial balance at dec 20x6
b. eagle adjusted trial balance at dec 31 20x6
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