On September 1, the Monty Store paid $15000 to the Pronghorn Co. for 6-month's of rent beginning September 1. Prepaid Rent was debited for the payment. If Monty Store prepares financial statements on September 30, the appropriate adjusting journal entry to make on September 30 would be O Prepaid Rent Rent Expense Prepaid Rent Rent Expense Rent Expense Prepaid Rent Rent Expense Prepaid Rent 2500 12500 2500 12500 2500 12500 2500 12500

On September 1 , the Monty Store pad $15000 to the Pronghorn Ca. for 6 -nwonth's of rent beginning September 1 . Prepaid Rent was debited for the payment. If Monty Store prepares financiat statements on September 30 , the appropriate adjusting journal entry to make on September 30 would be Prepaid Rent 2500 Rent Expense 2500 Prepaid Rent 12500 Rent Expense 12500 Rent Expense 2500 Prepaid Rent 2500 Rent Expense 12500