An adjustment for Prepaid Rent would indicate the amount. A. originally paid B. expired C. on hand D. of the trial balance

Question

25-07-2016
Business

Answered

An adjustment for Prepaid Rent would indicate the amount. A. originally paid B. expired C. on hand D. of the trial balance

Verified Answer :

Related Questions

The residents of a city voted on whether to raise property taxes The ratio of yes votes to no votes was 2 to 3 If there were 1378 yes votes what was the total n

What is the first step to finding he value of x in the equation

The area of is the driest and windiest place on the planet

An important stage in the assessment of fish resources and their management is the relationship between stock and recruitment In 1954 W E Ricker formulated the

Describe the interactions between water molecules and sodium and chloride ions

What is the most common purpose for composition in art

Matt Sorum was playing with The Cult and he was recruited by Slash of Guns and Roses so he played with Guns and Roses but he has since returned to The Cult What

When the concentration of dissolved particles is the same throughout a solution the system is said to be in a Hypertonic b Hypotonic c turgor pressure d homeost

A neuron transmits information by the secretion of hormones a True b False

What happens when a positive charge is introduced in a region with electrons at its centreA It moves towards the central electronsB It moves away from the centr

Anonymous Anonymous · Answer 1 · 2016-07-30T08:21:27-04:00

An adjustment for Prepaid Rent would indicate the amount on
hand.

Prepaid rent is rent
paid prior to the rental period to which it relates, so the tenant should record
on the balance sheet the amount of rent paid that has not yet been used.

The correct answer between all the choices given is the
third choice or letter C. I am hoping that this answer has satisfied your query
and it will be able to help you in your endeavor, and if you would like, feel
free to ask another question.

Hussain514 Hussain514 · Answer 2 · 2016-07-30T13:40:05-04:00

Hussain514 Hussain514

30-07-2016

An adjustment for Prepaid Rent would indicate the amount expired.
Prepaid expenses may need to be adjusted at the end of the accounting period. The adjusting entry for prepaid expense depends upon the journal entry made when it was initially recorded.
Thus B. expired is the best choice.

Answer Link