Solution-What is the adjustment for the expired rent

What is the adjustment for the expired rent

Reference no: EM132467868

Question 1: on October 25, 2019 the company paid $26,000 rent in advance for the six month period ( November2019 through April 2020). On December 31, 2019 the adjustment for the expired rent would include:

A) an $8000 debit to rent expense

B) a $4400 credit to cash

C) a 26,400 credit to rent expense

D) $4400 credit to prepaid rent

Reference no: EM132467868

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What is the adjustment for the expired rent

Reference no: EM132467868

Reference no: EM132467868

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