q15

On July 1, 1921, a Tulip Flowers Agency (TFA) in Netherland, paid $18,000 to Rent-An-Office for rent covering 18 months from July 1921 through December 1922. What adjusting entry should TFA record on December 31, 1921? Multiple Choice Debit Prepaid Rent and credit Rent Expense for $6.000 Debit Rent Expense and credit Cash for $18,000 Debit Rent Expense and credit Prepaid Rent for $6.000. Debit Rent Expense and credit Prepaid Rent for 18.000