The Trial Balance for Greenway Corporation Appears as Follows
Question 152
Question 152
Multiple Choice
The trial balance for Greenway Corporation appears as follows:
Cash ................................................................. Accounts Receivable ........................................ Prepaid Insurance ........................................... Supplies ........................................................ Equipment ....................... Accumulated Depreciation, Equipment ......... Accounts Payable ........................................ Common Stock.............................................. Retained Earnings .......................................... Service Revenue .......................................... Salaries and Wages Expense ....................... Rent Expense .............................................. Greenway Corporation Trial Balance December 31,2014$300500601404,0001,000500 $6,500$8003001,0001,4003,0000 $6,500 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
Correct Answer:
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