The account title used for recording the payment of rent in advance for an office building is

A$)$ Prepaid Rent

B$)$ Rent Revenue

C$)$ Rent Payable

D$)$ Rent Expense

Regarding T$-$accounts, which of the following statements is correct?

A$)$ A T$-$account is a summary device with credits posted on the right side of the vertical line.

B$)$ The right side of a T$-$account is a debit for asset accounts and a credit for equity accounts.

C$)$ Debits are posted on the right side of the vertical line.

D$)$ A T$-$account is a more detailed form of an account in the journal.

Posting a transaction means

A$)$ preparing a summary of account balances

B$)$ calculating the balance in an account

C$)$ transferring data from the journal to the ledger

D$)$ finding the account number in the chart of accounts