On 1 June, The Dukas Company paid three months rent in advance, for a total cost of 900 CU. At the time of payment, prepaid rent was increased by this amount. What adjusting entry is necessary as part of the 30 June closing?AppendixLO1

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(a) (b) G Prepaid rent 300 Balance sheet Prepaid rent Balance sheet 300 Prepaid rent 600 Balance sheet (d) Prepaid rent 600 Income statement Rent expense 300 Income statement Rent expense 300 Income statement Rent expense 600 Income statement Balance sheet Rent expense 600