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 $7,200 CR Cash $7,200 What entry should be made at December 31, 2020 to correctly record the Rent Expense incurred in the year 2020. Your Answer RENT EXPENCE DR 600 PREPAY RENT CR 600 On September 1, 2020, Saul collected $9,000 in revenue in advance from a client for advisory services for a one-year period beginning on September 1, revenue 2020. What entry should be made at December 31, 2020 to correctly record the Service Revenue for the year 2020. On September 1, 2020, Saul collected $9,000 in revenue in advance from a client for advisory services for a one-year period beginning on September 1, revenue in 2020 What entry should be made at December 31, 2020 to correctly record the Service Revenue for the year 2020