The trial balance for Nash's Trading Post, LLC appears as follows:Nash's Trading Post, LLCTrial BalanceDecember 31, 2022Cash$220Accounts Receivable386Prepaid Insurance61Supplies133Equipment2960Accumulated Depreciation, Equipment$440Accounts Payable284Common Stock890Retained Earnings1040Service Revenue2216Salaries and Wages Expense740Rent Expense370$4870$4870 $4870$4870If as of December 31, 2022, rent of $111 for December had not been recorded or paid, the adjusting entry would include a:debit to Rent Expense for $111debit to Rent Payable for $111O credit to Cash for $111.credit to Accumulated Rent for $111.Attempts: 0 of 1 usedSubmit.Save for LaterMacBook AirDD吕0000000888F9F8F7F.5F6F3F4*&.

The adjusting entry for rent with proper explanation are as follows

$4870 $4870 If as of December 31, 2022, rent of $111 for December had not been recorded or paid, the adjusting entry would include a: debit to Rent Expense for $111 debit to Rent Payable for $111 O credit to Cash for $111. credit to Accumulated Rent for $111.

$4870 $4870 If as of December 31, 2022, rent of $111 for December had not been recorded or paid, the adjusting entry would include a: debit to Rent Expense for $111 debit to Rent Payable for $111 O credit to Cash for $111. credit to Accumulated Rent for $111.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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