To record the prepaid rent that has expired during the period,the entry would include a debit to
A)Prepaid Rent.
B)Rent Expense.
C)Retained Earnings.
D)Accrued Rent.
E)Unearned Rent.

Question

Quizplus · Accepted Answer

Rent expense is the account that records the portion of prepaid rent that has been used/expired during the period. The debit to rent expense is necessary to increase the expense account while reducing the asset account of prepaid rent.

To Record the Prepaid Rent That Has Expired During the Period,the