At the start of this year, 18 months' rent was paid. At the year's end, how will this affect the balance sheet?

A. Assets will be decreased.

B. Liabilities will be increased.

C. Owner's equity will be increased.

D. This has no effect on the period-end balance sheet.

Question

Lisa Miller

Business

3 January, 22:51

At the start of this year, 18 months' rent was paid. At the year's end, how will this affect the balance sheet?

A. Assets will be decreased.

B. Liabilities will be increased.

C. Owner's equity will be increased.

D. This has no effect on the period-end balance sheet.

+4

Answers (2)

Know the Answer?

Walker Leach · Answer 1

Hello there.

At the start of this year, 18 months’ rent was paid. At the year’s end, how will this affect the balance sheet?

B. Liabilities will be increased.

Reynaldo Murray · Answer 2

The correct answer to your questions is letter A. Assets will be decreased.

At the start of this year, 18 months' rent was paid. At the year's end, how will this affect the balance sheet?A. Assets will be decreased.B. Liabilities will be increased.C. Owner's equity will be increased.D. This has no effect on the period-end balance sheet.

At the start of this year, 18 months' rent was paid. At the year's end, how will this affect the balance sheet?

A. Assets will be decreased.

B. Liabilities will be increased.

C. Owner's equity will be increased.

D. This has no effect on the period-end balance sheet.