________ represents a debt owed for renting a building currently.
A)Prepaid Rent
B)Rent Payable
C)Rent Revenue
D)Rent Expense

Question

Quizplus · Accepted Answer

Rent Payable represents a debt owed for renting a building currently. Prepaid Rent represents rent paid in advance and not yet used. Rent Revenue represents the income earned by renting out a building. Rent Expense represents the cost incurred for renting a building in the past.

________ Represents a Debt Owed for Renting a Building Currently