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The following selected accounts are taken from the books of RST Trading on April 30 before adjustment. RST has a monthly accounting period: Accounts ReceivableP5,000BuildingP50,000

The following selected accounts are taken from the books of RST Trading on April 30 before adjustment. RST has a monthly accounting period:

Accounts ReceivableP5,000BuildingP50,000

Sales75,000Service Income10,000

Prepaid Rent6,000Salaries Expense20,000

Adjustment data on April 30:

a)2 % of sales is estimated to be uncollectible.

b)Rent expired, P2,000.

c)Salaries unpaid, P 1,500.

d)Building will be depreciated at 20% per annum, with useful lie of 10 years.

e)Income unearned , P10,000.

The entry to adjust rent is

Select one:

a. Rent ExpenseP2,000

Prepaid RentP2,000

b. Rent ExpenseP4,000

Prepaid RentP4,000

c. Prepaid RentP2,000

Rent ExpenseP2,000

d. Prepaid RentP 2,000

CashP2,000

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