On January 1, Daisy Company Paid $6,400 for Six Months

question 7

Multiple Choice

On January 1, Daisy Company paid $6,400 for six months rent. Assume no other adjusting entries have been done this fiscal year. What would the adjusting entry be on March 31?

• A)Debit Rent Expense $1,067, credit Prepaid Rent $1,067
• B)Debit Rent Expense $1,067, credit Cash $1,067
• C)Debit Rent Expense $3,200, credit Prepaid Rent $3,200
• D)Debit Rent Expense $3,200, credit Cash $3,200

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Definitions:

Client/Server Network

A type of network that uses servers to deliver services to computers that are requesting them (clients).

Network Node

Any active, electronic device that is attached to a network and is capable of creating, receiving, or transmitting information over a communications channel.

Brute-Force Attack

An attempt to access an account by repeatedly trying different passwords.

Login Attempts

The process or attempts made by a user to access a computer system or application by entering their credentials.