The Payment for Monthly Rent of an Office Building Would

question 42

Multiple Choice

The payment for monthly rent of an office building would include a:

• A) debit to Cash.
• B) debit to Prepaid Rent.
• C) debit to Rent Expense.
• D) credit to Revenue.

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Definitions:

Lowest Terms

The simplest form of a fraction, where the numerator and the denominator are reduced to their smallest possible values.

Mixed Numbers

Quantities that combine a whole number with a fraction less than one.

Lowest Terms

The simplest form of a fraction, with both the numerator and denominator reduced to their smallest possible numbers.

Fractions

A mathematical expression representing a part of a whole, usually in the form of a numerator and a denominator.