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On September 1, 2024 Real Estate Professionals Company paid $8,000 in advance for an eight-month rental space covering the period of September 1 2024 through

On September 1, 2024 Real Estate Professionals Company paid $8,000 in advance for an eight-month rental space covering the period of September 1 2024 through April 30 2025. The deferred expense was initially recorded as an asset. The company makes adjusting entries once a year at year-end. The adjusting entry on December 31, 2025 would include a O A. credit of $4,000 to Rent Expense OB. credit of $8,000 to Prepaid Rent OC. debit of 58,000 to Cash OD. debit of 54.000 to Rent Expense

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