What is the correct option? General accounting question On July 1, Blueridge Company paid nine months' rent in advancetotaling $12,600. The rental period begins on July 1. An adjusted trialbalance prepared on December 31 would include a balance in thePrepaid Rent account of:A. $4,200B. $8,400C. $0D. $12,600

Step 1: Define Prepaid RentPrepaid rent is an asset account that represents rent payments made in…

Answered: On July 1, Blueridge Company paid nine…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter3: Accrual Accounting

Section: Chapter Questions

Problem 8MCQ: Hurd Inc. prepays rent every 3 months on March 1, June 1, September 1, and December 1. Rent for the...

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On July 1, Blueridge Company paid nine months' rent in advance totaling $12,600. The rental period begins on July 1. An adjusted trial balance prepared on December 31 would include a balance in the Prepaid Rent account of: A. $4,200 B. $8,400 C. $0 D. $12,600