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Coyote Co. paid $8,000 rent in advance. The journal entry would require: O A. debit to Cash, credit to Rent Expense. B. debit to Cash,
Coyote Co. paid $8,000 rent in advance. The journal entry would require: O A. debit to Cash, credit to Rent Expense. B. debit to Cash, credit to Prepaid Rent. C. debit to Prepaid Rent, credit to Cash. D. debit to Rent Expense, credit to Cash. The columns on a trial balance represent: OA. subtotals and totals. O B. revenues and expenses. O C. debits and credits O D. common stock and dividends The columns on a trial balance represent: OA. subtotals and totals. O B. revenues and expenses. O C. debits and credits O D. common stock and dividends Closing entries included debits to revenues for a total of $5,500, credits to expenses for a total of $3,100, and a credit to dividends for $500. The net income for the month was: OA. $2,400. OB. $500. OC. $5,000 O D. $3,100 Which of the following is NOT a liability? O A. Accounts Payable O B. Rent Expense OC. Interest Payable O D. All of the above are liabilities
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