Question
For a journal entry question in accounting: it says the paid rent for the year was $30 with $3 remaining in the prepaid rent account
For a journal entry question in accounting:
it says the paid rent for the year was $30 with $3 remaining in the prepaid rent account at the end of the year.
Journal entry would be
dr. rent expense 33
cr. cash 30
cr prepaid rent 3
?
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Management and Cost Accounting
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
6th edition
1292063467, 978-1292063461
