Geneva Inc, Had Opened for Business on September 1st but Did

question 3

Multiple Choice

Geneva Inc, had opened for business on September 1st but did not pay rent until September 15th, when they paid $6,000 in rent for the three months of September, October and November.How would the event be recorded on the September 30?

• A)Dr.Rent expense $500, Dr.Prepaid rent $5,500, Cr.Cash $6,000
• B)Dr.Rent expense $2,000 Dr.Prepaid rent $4,000 Cr.Cash $6,000
• C)Dr.Rent expense $6,000, Cr.Cash $6,000
• D)Dr.Prepaid rent $6,000, Cr.Cash $6,000

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