The payment for rent of the office building for one month would include a:

Question

Quizplus · Accepted Answer

The payment for rent of the office building is an expense, and expenses are recorded as debit entries. Therefore, a debit to Rent Expense is the correct choice. A credit to Cash would be necessary to record the outgoing payment, but it is not the best choice for the primary account being affected by the transaction. Revenue and Accounts Payable are not relevant accounts for this transaction.

The Payment for Rent of the Office Building for One