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december 31, 2019 is the last day of the 4th month of operations. Bacol instead decided to use the expense method in accounting for prepayments.

december 31, 2019 is the last day of the 4th month of operations. Bacol instead decided to use the expense method in accounting for prepayments. The original emtry will include:

a. a debit to prepaid rent for 135,000

b. a credit to prepaid rent for 135,000

c. a debut to rent expense for 90,000

d. a credit to rent expense for 135,000

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