On July 1,Alpha Company prepaid rent for a small equipment storage area.They paid $12,000 to rent the area for the period of July 1 through the end of the year.Please provide the journal entry needed on July 1 when the payment is made.
$$\begin{array} { | l | r | r | }
\hline \quad\quad\quad&\quad&\quad \
\hline \
\hline
\end{array}$$

Question

On July 1,Alpha Company prepaid rent for a small equipment storage area.They paid $12,000 to rent the area for the period of July 1 through the end of the year.Please provide the journal entry needed on July 1 when the payment is made.
 $$\begin{array} { | l | r | r | } 
\hline \quad\quad\quad&\quad&\quad \
\hline \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of On July 1,Alpha Company prepaid rent for a small equipment storage area.They paid $12,000 to rent the area for the period of July 1 through the end of the year.Please provide the journal entry needed on July 1 when the payment is made.
 $$\begin{array} { | l | r | r | } 
\hline \quad\quad\quad&\quad&\quad \
\hline \
\hline
\end{array}$$

On July 1,Alpha Company Prepaid Rent for a Small Equipment \begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}​​

On July 1,Alpha Company Prepaid Rent for a Small Equipment $\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$