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AVprozaik [17]
3 years ago
6

​Saturn, Inc. paid the rent for the current month in cash. Which of the following accounts will be used to record the​ transacti

on?
A) Prepaid RentB) Rent PayableC) Rent RevenueD) Rent Expense
Business
1 answer:
Bess [88]3 years ago
8 0

Answer:

D) Rent Expense

Explanation:

As per the principles of accounting we follow the accrual principal, where the expense for a period when accrued is accounted for, even if not paid a liability is created. Here, there is payment of rent for the current month in cash, there is nothing due, it is actually paid, since it is paid only for the current month there is nothing paid in advance that shall be debited to prepaid rent. Therefore, the provided rent paid for the current month will be considered as expense for the period and charged as rent expense.

Thus, correct option is

D) Rent Expense

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Answer:

c. dividends

Explanation:

not payable... so

7 0
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6 0
2 years ago
Which of the following is true?
Deffense [45]

Which of the following is true?

b.

net cash flow + cash outflow = cash inflow

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Observing the above explanation, B Seems like the correct Option.

8 0
3 years ago
Read 2 more answers
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xxMikexx [17]

Answer:

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8 0
3 years ago
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Answer:

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