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On June 1, XYZ Incorporated paid $1.200 to its landlord for rent for the next 3 months. The journal entry to record this transaction is:

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On June 1, XYZ Incorporated paid $1.200 to its landlord for rent for the next 3 months. The journal entry to record this transaction is: Multiple Choice = Account Name Prepaid Rent Rent Expense Credit Debit $ 1,200 $ 1,200 Account Name Prepaid Rent Cash Debit $ 1,200 Credit $ 1,200 Account Name Rent Expense Debit $.1.2ee Credit Cash $ 1,200 Account Name Credit Debit $ 1,200 Prepaid Rent Rent Expense $ 1,200 419:40 Account Name Credit Prepaid Rent Cash Debit $ 1,200 $ 1,200 Account Name Credit Rent Expense Cash Debit $ 1,200 $ 1,2ee Account Name Cash Rent Expense Debit $ 1,200 Credit $ 1,200

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