A company records a transaction in which six months' rent is paid in advance. Which of the following journal entries records the transaction? Prepaid Rent - Debit Cash - Credit Rent Expense - Debit Cash - Credit Cash-Debit Prepaid Rent - Credit Cash-Debit Rent Expense - Credit John's Auto Shop has recorded the following transactions during the month: owner invested $15, 000 in cash; purchased equipment for $8, 500 cash; paid $6, 300 for 3 months rent; and collected $2, 400 from a customer for services performed. What is the balance in the cash account at the end of the month, and is the balance a debit or credit? $2, 600 debit $2, 600 credit $2, 200 debit $2, 200 credit The Sarbanes-Oxley Act of 2002 requires all of the following to certify a public company's system of internal control, except for the: Chief executive officer Chief financial officer The board of directors The independent auditors The correct order of the three stages of accounting is? Communication, processing, and measurement Measurement, processing, and communication Measuring, communication, and processing Processing, measurement, and communication Which of the following exist if the maker of a promissory note fails to pay the note on the due date? An uncollectible note A dishonored note A discounted note A discarded