Saturn Company paid the rent for the current month in cash.Which of the following accounts will be used to record the transaction?

Question

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Rent Expense is the best choice as it is an expense account that tracks the cost of renting a property. The payment made in cash would increase the Rent Expense account. Prepaid Rent would be used if Saturn had paid for rent in advance, Rent Payable would be used if Saturn had not yet paid the rent but had an outstanding balance, and Rent Revenue would be used if Saturn was collecting rent from a tenant.

Saturn Company Paid the Rent for the Current Month in Cash.Which