Solved: On december 31 2016 the balance in the prepaid rent account, Accounting Basics

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On december 31 2016 the balance in the prepaid rent account

Question - Adjustment for Prepaid Rent

Jenkins Company showed $11,000 in prepaid rent on December 31, 2015. On December 31, 2016, the balance in the prepaid rent account was $13,800. Rent expense for 2016 was $30,000.

Required: What amount of cash was paid for rent in 2016?

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Accounting Basics: On december 31 2016 the balance in the prepaid rent account

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Accounting Basics: On december 31 2016 the balance in the prepaid rent account

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