On March 1, 2018, LeClaire, Inc. paid $60,000 for office rent covering the three-month period ending May 31, 2018. Journalize the adjusting entry on March 31 by using the alternative treatment of deferred expenses. Omit explanation.

Question

Quizplus · Accepted Answer

The Answer of On March 1, 2018, LeClaire, Inc. paid $60,000 for office rent covering the three-month period ending May 31, 2018. Journalize the adjusting entry on March 31 by using the alternative treatment of deferred expenses. Omit explanation.