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On December 1, Alphabet Co. prepaid four months rent for a total of S12,000. Alphabet Co. is preparing financial statements for the month ended December

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On December 1, Alphabet Co. prepaid four months rent for a total of S12,000. Alphabet Co. is preparing financial statements for the month ended December 31. What is the adjusting journal entry required on December 317 DR Rent Expense $3,000: CR Prepaid Rent $3.000 DR Prepaid Rent, $9,000: CR Rent Expense. $3,000 DR Rent Expense, 59,000; CR Prepaid Rent, $3,000 DR Prepaid Rent, S3,000: CR Rent Expense. $3.000

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