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8 On June 15, Tandem Toys signed a lease to rent a storefront starting on July 1st for the next two years at $1,000 per
8 On June 15, Tandem Toys signed a lease to rent a storefront starting on July 1st for the next two years at $1,000 per month. They paid the first two months' rent in advance on signing the lease. On June 15, how would the transaction be recorded? 3 points Multiple Choice 00:51:40 Dr. Rent expense $2,000, Cr. Cash $2,000 Dr. Rent expense $24,000, Cr. Cash $24,000 Dr. Prepaid rent $2,000, Cr. Cash $2,000 Dr. Prepaid rent $24,000, Cr. Cash $2,000 Cr. Rent payable $22,000
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