ABC Tax Planning Service Started Business in January 2018

question 91

Multiple Choice

ABC Tax Planning Service started business in January 2018.The company rented an office for $1,800 per month starting from January 1,2018.On that day,ABC prepaid the rent through June 30.The company makes adjusting entries at the end of each month.What is the balance in the Prepaid Rent account as of April 30,2018?

• A) $3,600
• B) $300
• C) $1,800
• D) $900

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