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The trial balance for Tater Tot Corp appears as follows: Tater Tot Corp Trial Balance December 31, 2020 Cash $ 300 Accounts Receivable 522 Prepaid
The trial balance for Tater Tot Corp appears as follows:
Tater Tot Corp
Trial Balance
December 31, 2020
Cash | $ 300 |
Accounts Receivable | 522 |
Prepaid Insurance | 82 |
Supplies | 180 |
Equipment | 4,000 |
Accumulated Depreciation - Equipment | $ 600 |
Accounts Payable | 384 |
Common Stock | 1,200 |
Retained Earnings | 1,400 |
Service Revenue | 3,000 |
Salaries and Wages Expense | 1,000 |
Rent Expense | 500 |
$6,584 | $6,584 |
If as of December 31, 2022, rent of $150 for December had not been recorded or paid, the adjusting entry would include a
A)debit to Rent Expense for $150
B)credit to Accumulated Rent for $150.
C)debit to Rent Payable for $150
D)credit to Cash for $150.
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