The Unadjusted Trial Balance Shows a $15,000 Balance for Prepaid

question 83

Multiple Choice

The unadjusted trial balance shows a $15,000 balance for Prepaid Rent. At the end of the year, $3,000 of the rent had been used. The adjusted trial balance reflects a balance for Prepaid Rent of:

• A)$12,000 debit.
• B)$12,000 credit.
• C)$3,000 debit.
• D)$3,000 credit.

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Definitions:

Immediate Environment

The physical and social surroundings that are directly accessible and interactable to an individual at any given time.

Professional Competency

The combination of skills, behaviors, and attitudes that are necessary for successful performance in a job or profession.

Modified Skills

Adapted or improved abilities developed through training or experience.

Personal Goals

Individual objectives or ambitions that a person aims to achieve, which can range from career aspirations to personal development targets.