The adjusting entry to record the expired rent would be to:
A) debit Prepaid Rent; credit Cash.
B) debit Rent Expense; credit Prepaid Rent.
C) debit Cash; credit Prepaid Rent.
D) debit Prepaid Rent; credit Rent Expense.
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Question
The adjusting entry to record the expired rent would be to:
A) debit Prepaid Rent; credit Cash. B) debit Rent Expense; credit Prepaid Rent. C) debit Cash; credit Prepaid Rent. D) debit Prepaid Rent; credit Rent Expense.
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