The question is incomplete. Choose fron the following;
A)Debit Prepaid Rent, $3,500; Credit Rent Expense, $3,500.
B)Debit Rent Expense, $14,000; Credit Prepaid Rent, $14,000.
C)Debit Rent Expense, $3,500; Credit Prepaid Rent, $3,500.
D)Debit Rent Expense, $14,000; Credit Prepaid Rent, $3,500.
Answer:
The answer is C)Debit Rent Expense, $3,500; Credit Prepaid Rent, $3,500.
Explanation:
The rent expense for the month ending July 31 was 14000/ 4 = $3500.
