hello i need help with this transaction, what 's the journal entry for this June 4 , HALA Automotive rented a parking lot that cost 96,000 SAR annually to start the business The full payment due in May 31, 2021 (parking rent expense Dr 96,000 accounts payable Cr 96,000) is this correct ...

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hello i need help with this transaction, what's the journal entry for this? June 4 , HALA Automotive rented a parking lot that cost 96,000

hello i need help with this transaction, what's the journal entry for this?

June 4, HALA Automotive rented a parking lot that cost 96,000 SAR annually to start the business. The full payment due in May 31, 2021

(parking rent expense Dr. 96,000 / accounts payable Cr. 96,000) is this correct?

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