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on October 25, 2019 the company paid $26,000 rent in advance for the six month period ( November2019 through April 2020). On December 31, 2019
on October 25, 2019 the company paid $26,000 rent in advance for the six month period ( November2019 through April 2020). On December 31, 2019 the adjustment for the expired rent would include:
A) an $8000 debit to rent expense
B) a $4400 credit to cash
C) a 26,400 credit to rent expense
D) $4400 credit to prepaid rent
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