Prepaid rent at 111x was 25000 during 201x rent payments of


Prepaid rent at 1/1/1X was $25,000. During 201X, rent payments of $123,000 were made and charged to "rent expense." The 201X income statement shows as a general expense the item "rent expense" in the amount of $122,000. You are to prepare the missing adjusting entry that must have been made, assuming reversing entries are not made. Please indicate DR (debit) or CR (credit) to the left of the account title, and place a comma between the account title and the amount of the adjustment.

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Financial Accounting: Prepaid rent at 111x was 25000 during 201x rent payments of
Reference No:- TGS01007575

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