Question $38$

$2\mathrm{.}5$ pts

What is the best explanation for the following journal entry? The entry was recorded on January $31,2023.$ Assume monthly financial statements.

Debit Rent Expense $$4,000$

Credit Rent Payable $$4,000$

The company prepaid the office space rent on Jan $31$ for a lease beginning in February.

The company recorded the cost of the office space used in January and reduced the Rent Asset account.

The company recorded the cost of the office space for January. The rent will be paid later.

The company recorded the remaining amount of rent due from a lease signed in:$2022.$

The company paid the rent due from $2022.$