The trial balance for Greenway Corporation appears as follows: If as of December 31, 2014, rent of $120 for December had not been recorded or paid, the adjusting entry would include a:
A) credit to Accumulated Rent for $120.
B) credit to Cash for $120.
C) debit to Rent Payable for $120
D) debit to Rent Expense for $120

Question

The trial balance for Greenway Corporation appears as follows:  If as of December 31, 2014, rent of $120 for December had not been recorded or paid, the adjusting entry would include a:
A) credit to Accumulated Rent for $120. 
B) credit to Cash for $120. 
C) debit to Rent Payable for $120 
D) debit to Rent Expense for $120

Quizplus · Accepted Answer

The Answer of The trial balance for Greenway Corporation appears as follows:  If as of December 31, 2014, rent of $120 for December had not been recorded or paid, the adjusting entry would include a:
A) credit to Accumulated Rent for $120. 
B) credit to Cash for $120. 
C) debit to Rent Payable for $120 
D) debit to Rent Expense for $120

The Trial Balance for Greenway Corporation Appears as Follows