None of the above D Governmentally Approved Accounting Practices Generally Applied Accounting Procedures Question 25 5 Poin On October 1, 2020, the company paid $7,200 to lease office space for one year beginning immediately. On October 1, 2020, the following entry was made DR Prepaid Rent 57,200 CR Cash $7.200 8 Whatentry should be made at December 31, 2020 to correctly record the Rent Expense incurred in the year 2020. 4 Use the editor to formor your answer Question 26 2 Points What is the purpose of the accrual basis of accounting? 27 minutes remaining cost saved 2:10 29 W A MacBook Air 30 F3 898 FE 17 2 # 3 $ 4 % 5 6 & 7 8 9 Q W E R. T Y A S D F G