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Retained earnings is decreased by all of the following except Oa. Dividends declared O b. Other comprehensive loss Oc Net losses Od. Distributions to
Retained earnings is decreased by all of the following except Oa. Dividends declared O b. Other comprehensive loss Oc Net losses Od. Distributions to shareholders On July 1 the Fisher Shoe Store paid $18,000 to Acme Realty for 6 months rent beginning July 1. Prepaid Rant was debited for the full amount. If financial statements are prepared on July 31, the adjusting entry to be made by the Fisher Shoe Store is: Oa debit Prepaid Rent, $3,000: credit Rent Expense, $3.000 Ob debit Rent Expense, $18,000; credit Prepaid Rent, $3,000 Oc debit Rent Expense, $18,000; credit Prepaid Rent, $15,000 Od debit Rent Expense, $3,000, credit Prepaid Rent $3,000
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