On January 1,Daisy Company paid $5,400 for six months rent.What would the adjusting entry be on March 31?
A) Debit Rent Expense $900,credit Prepaid Rent $900
B) Debit Rent Expense $900,credit Cash $900
C) Debit Rent Expense $2,700,credit Prepaid Rent $2,700
D) Debit Rent Expense $2,700,credit Cash $2,700
Correct Answer:
Verified
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