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:

Ancient Greeks

A civilization belonging to a period of Greek history that lasted from the Archaic period of the 8th/6th centuries BC to 146 BC and the Roman conquest of Greece.

Polytheism

The belief in multiple gods and/or goddesses.

State Societies

Complex social structures characterized by centralized political organization, social stratification, and governance over a specific territory.

Social Stratification

The emergence of social classes, a series of ranked social categories according to characteristics such as wealth, occupation, or kin group.