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3 years ago

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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Answer:

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Answer:

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Answer:

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