Question 10 5 Points 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. Use the editor to format your answer Question 11 5 Points 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, 2020. What entry should be made at December 31, 2020 to correctly record the Service Revenue for the year 2020. Use the editor to format your answer Question 12 2 Points Financial accounting standards are known collectively as GAAP. What does the acronym stand for