Take me to the text On April 14, 2020. an auditor noticed that UGL Inc accidentally recorded a rent expenditure of 541,000 as an expense instead of as a prepaid. The purchase was made on the last day of the 2019 fiscal period. Write the journal entry that should be recorded in the 2020 fiscal period to correct the Prepaid Rent account. Assume that the insurance covers the period of May 1, 2020 to April 30, 2021 and the tax rate is 25% Do not enter dollar signs or commas in the input boxes Enter the credit accounts in alphabetical order Date Account Title and Explanation Debit Credit Apr 14 . To correct amounts for error recorded in prior fiscal year