Question
On April 1, Zola Company paid $3,000 rent in advance for a three-month period. The $3,000 was debited to the Prepaid Rent account. The necessary
On April 1, Zola Company paid $3,000 rent in advance for a three-month period. The $3,000 was debited to the Prepaid Rent account. The necessary adjustment on April 30 would include a:
debit to prepaid rent for $3,000
credit to prepaid rent for $2,000
debit to rent expense for $3,000
credit to prepaid rent for $1,000
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Introduction to Financial Accounting
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
11th edition
978-0133251111, 013325111X, 0133251039, 978-0133251036
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