An adjustment for Prepaid Rent would indicate the amount

a. originally paid.

b. expired.

c. on hand.

d. of the trial balance.

Question

Magdalena Garza

Business

8 July, 17:05

An adjustment for Prepaid Rent would indicate the amount

a. originally paid.

b. expired.

c. on hand.

d. of the trial balance.

+4

Answers (1)

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Dillon · Answer 1

The correct choice is letter B. expired. An adjustment for Prepaid Rent would indicate the amount is "Expired". Prepaid rent is your current asset account where the reports of the amount of future rent expense is paid in advance in the rental period. The amount reported is the amount that is not expired yet.

An adjustment for Prepaid Rent would indicate the amounta. originally paid.b. expired.c. on hand.d. of the trial balance.

An adjustment for Prepaid Rent would indicate the amount

a. originally paid.

b. expired.

c. on hand.

d. of the trial balance.