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Ghella [55]
3 years ago
11

Pilot Company pays for two years of rent in advance. Recording this transaction would include a debit to:______.

Business
1 answer:
Zarrin [17]3 years ago
6 0

Answer:

prepaid rent

Explanation:

From the question we were informed about how a Pilot Company pays for two years of rent in advance.

Incase of Recording this transaction, it would include a debit to prepaid rent

debit to prepaid rent is one of the journal entry for prepaid rent, and a prepaid rent is usually pen down as asset and it gives the rent expenses in future time , since the Pilot Company pays for two years of rent in advance,debit to prepaid rent must be included when recording the transaction.

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The balance sheet of Computer World reports total assets of $350,000 and $450,000 at the beginning and end of the year, respecti
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3 years ago
​Bill, a local​ inventor, developed a diet pill that he believes will solve the obesity problem in the United States. Bill wants
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When recording transactions into the accounting equation, which of the following statements are correct? (Check all that apply.)
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Answer:

The correct answers are the following options:

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