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17 - On September 1, 2011, Joy Company paid $4,000 in advance for an 8-month rental space covering the period of September, 2011 through April,
17 - On September 1, 2011, Joy Company paid $4,000 in advance for an 8-month rental space covering the period of September, 2011 through April, 2012. The business makes adjusting entries once a year at year-end. The adjusting entry at December 31, 2011 would include a: nse on a) b) debit of $4,000 to Prepaid rent expense on December 31, 2011. credit of $2,000 to Rent expense on December 31, 2011. debit of $2,000 to Rent expense on December 31, 2011. debit of $2,000 to Prepaid rent expense on December 31, 2011. c) d)
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