On December 1 of the Current Year, Prepaid Rent Was

question 220

Multiple Choice

On December 1 of the current year, Prepaid Rent was debited $10,800 for three months of rent, to cover the period December 1 to February 28. The amount of the adjusting entry on December 31 is:

• A)$0.
• B)$3600.
• C)$7200.
• D)$10,800.

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