Angela is a tenant of Bruce.On March 1,Angela paid Bruce $2,400 for 3 months of rent.On March 31,Angela's adjusting entries will include one with a debit to:
A) Rent Expense for $2,400 and a credit to Prepaid Rent for $2,400.
B) Prepaid Rent for $2,400 and a credit to Cash for $2,400.
C) Rent Expense for $800 and a credit to Prepaid Rent for $800.
D) Prepaid Rent for $800 and a credit to Rent Expense for $800.
Correct Answer:
Verified
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