The entry to record rent expense will include:
A)A debit to Prepaid Rent for $6,000.
B)A credit to Prepaid Rent for $6,000.
C)A credit to Prepaid Rent for $18,000.
D)A debit to Prepaid Rent for $18,000.

Question

Quizplus · Accepted Answer

Recording rent expense typically involves a debit to the Rent Expense account and a credit to Cash or Prepaid Rent. If rent is being expensed, it means the benefit has been consumed, so Prepaid Rent (an asset) decreases, which is represented by a credit.

The Entry to Record Rent Expense Will Include