Year 1 Paid 13,100 cash in advance for rent. For period , April 1, year 1, to march 31, year 2. Prepaid Rent 13,100 Cash 13,100 Made adjusting entry for expired rent. Rent expense 9825 prepaid rent 9825 Events year 2. Paid 13,800 cash in advance for rent. Payment was for 1 year beginning April 1 , year 2. Prepaid Rent 13,800 Cash 13,800 Made adjusting entry for expired rent rent expense ? Prepaid Rent ? 13,800 X9/12

Year 1 Paid 13,100 cash in advance for rent. For period , April 1, year 1, to march 31, year 2. Prepaid Rent 13,100 Cash 13,100 Made adjusting entry for expired rent. Rent expense 9825 prepaid rent 9825 Events year 2. Paid 13,800 cash in advance for rent. Payment was for 1 year beginning April 1 , year 2. Prepaid Rent 13,800 Cash 13,800 Made adjusting entry for expired rent rent expense ? Prepaid Rent ? 13,800 X9/12

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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