Question 2 A possible explanation for adjusting entry (d) is Selected Answer: A. $3,000 of Prepaid Rent has expired Answers: A. $3,000 of Prepaid Rent has expired B. An examination revealed that the $4,000 of Prepaid Rent remains c. Both a and b D. Neither a or b Question 3 A sales (purchase) discount is given to entice one to Selected Answer: C. both a and b Answers: A. pay the invoice early B. do business with an entity C. both a and b D. neither a orb