After the year end, an auditor noticed that UGL Inc. accidentally recorded a rent expenditure of...

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After the year end, an auditor noticed that UGL Inc. accidentally recorded a rent expenditure of $51,000 as an expense instead of properly recording it as a prepaid. The expenditure was made on the last day of the fiscal period, June 30, 2020. Write the journal entry that should be recorded to correct the prepaid rent account. Assume the tax rate is 37%. Do not enter dollar signs or commas in the input boxes. Enter the credit accounts in alphabetical order, Date Account Title and Explanation Jun 30 To correct prior period error Debit Credit After the year end, an auditor noticed that UGL Inc. accidentally recorded a rent expenditure of $51,000 as an expense instead of properly recording it as a prepaid. The expenditure was made on the last day of the fiscal period, June 30, 2020. Write the journal entry that should be recorded to correct the prepaid rent account. Assume the tax rate is 37%. Do not enter dollar signs or commas in the input boxes. Enter the credit accounts in alphabetical order, Date Account Title and Explanation Jun 30 To correct prior period error Debit Credit