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Which journal entry reflects the following transaction?: BOC paid $3,000 upfront for next year's rent. a)Dr. Cash 3,000 Cr. Rent Expense 3,000 b)Dr. Prepaid Rent
Which journal entry reflects the following transaction?:
BOC paid $3,000 upfront for next year's rent.
a)Dr. Cash 3,000
Cr. Rent Expense 3,000
b)Dr. Prepaid Rent 3,000
Cr. Cash 3,000
c)Dr. Rent Revenue 3,000
Cr. Cash 3,000
d)Dr. Rent Expense 3,000
Cr. Cash 3,000
e)Dr. Cash 3,000
Cr. Prepaid Rent 3,000
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