On June 1, 2019, KA Company paid $12,000 to lease office space for the next twelve months.KA Company debited a permanent account on June 1 when the cash was paid. KA Company adjusts its books on December 31 each year.

1.The journal entry on June 1, 2019 would include a debit to which account?

a.Accounts Payable

b.Cash

c.Prepaid Rent

d.Retained Earnings

e.Rent Expense

2.The adjusting journal entry on December 31, 2019 would include a debit to which account?

a.Accounts Payable

b.Cash

c.Prepaid Rent

d.Retained Earnings

e.Rent Expense

3.The adjusting journal entry on December 31, 2019 would include a credit to which account?

a.Accounts Payable

b.Cash

c.Prepaid Rent

d.Retained Earnings

e.Rent Expense

4.The amount of the adjusting journal entry on December 31, 2019 is: