Assume that cash is paid for rent to cover the next year. The appropriate debit and credit are:

Business

1 answer:

vitfil [10]2 years ago

4 0

Answer:

The correct answer is letter "B": Debit Prepaid Rent, credit Cash.

Explanation:

Prepaid rent is the rent paid in advance. Usually, rent payments are made every month by the beginning of the month but other timeframes can also be agreed upon the lease. <em>Prepaid rent is debited to prepaid assets and credited to accounts payable. When the check for the payment is cut, accounts payable is debited and a cash account is credited.</em>

You might be interested in

The dry cleaning business can be characterized as a perfectly competitive industry because the costs of entry are low and there

algol13

Answer:

The correct answer is option (d)

Explanation:

From the given question which is described as follows:if the disposal of this pollutant is unregulated, then which of the following statements about the dry cleaning market are correct

The following statements are true if the negative externality or external has not been considered which would mean there is an overproduction at a price less or lesser than the true cost. This is to say that, the marginal social cost is greater than marginal private costs

Note: Kindly find an attached diagram that is apart of a solution to this question

8 0

2 years ago

Imagine that your boss has given you the task of giving a speech at the next staff meeting about new office procedures. What que

Kipish [7]

First and foremost, specifically which topics to cover and how much time to take covering them.
I would ask those questions because my boss may have a different idea of what needs to be communicated than I. My boss may also have a different objective for the communication than I realized and I may be able to enhance that message in some way.

6 0

3 years ago

Lynn Brown is widely known as the one of the best customer relationship managers in her company. Over the years she has develope

grin007 [14]

It is c.equity capital I know it is the answer

8 0

2 years ago

How might a customer react to a salesperson's<br> weak handshake?

melisa1 [442]

Answer:

I think the customer will get upset.

The customer will think the salesperson is not ready to attend to him.

6 0

2 years ago

Read 2 more answers

A prepurchase inspection is different from a pre-sale inspection in there

Luba_88 [7]

These inspections are mostly connected to property purchase. The pre-sale inspection is conducted by investors and real estate agents who deal with the property. A pre-purchase inspection is conducted by the buyer who wants to purchase the property. Both are conducted as means of security.

8 0

3 years ago