Question 2 of 10 O O Current Attempt in Progress On September 1, the Pina Store paid $16000 to the Novak Co. for 5-month's of rent beginning September 1. Prepaid Rent was debited for the payment. If Pina Store prepares financial statements on September 30, the appropriate adjusting journal entry to make on September 30 would be Rent Expense Prepaid Rent Prepaid Rent Rent Expense Rent Expense Prepaid Rent

On September 1, the Pina Store paid $16000 to the Novak Co. for 5 -month's of rent beginning September 1. Prepaid Rent was debited for the payment. If Pina Store prepares financial statements on September 30 , the appropriate adjusting journal entry to make on September 30 would be Rent Expense 3200 Prepald Rent 3200 Prepaid Pent 12800 Rent Expense 12800 Rent Expense 12800 Prepaid Rent 12800 Prepaid Rent 3200 Rent Expense 3200