Nuptial Services 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 appropriate account to record the payment of rent for the current month. Prepaid Rent would be used to record rent paid in advance for future months, Rent Payable would be used to record rent owed but not yet paid, and Rent Revenue would be used to record rental income received from tenants.

Nuptial Services Company Paid the Rent for the Current Month