Adjusting Entries

Accounts Payable 35,000 Question 1 1 pts The following events occurred for Kira & Company on October 31, 2020, the end of its fiscal year: Kira & Co. rents a building from its owner for P 66,000 per month. By prearrangement, the company delayed paying October's rent until November 5. On this date, the company paid the ret for both October and November. Chart of Account Cash Rent Payable Rent Receivable Unearned Rent Prepaid Rent Rent Expense Rent Revenue Prepare adjusting entries that Kira must record for these events as of October 31 Debit 1 Credit MacBook Air