Williams Enterprises prepaid six months of office rent totaling $8,000 on October 1,2017.Assuming Williams records deferred expenses using the alternative treatment,what would be the entry on October 1,2017?
A) Debit Prepaid Rent and credit Cash for $8,000
B) No entry is needed until the expense is incurred
C) Debit Cash and credit Unearned Rent for $8,000
D) Debit Rent Expense and credit Cash for $8,000
Correct Answer:
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