Stancil Enterprises Prepaid Four Months of Office Rent Totaling $8,100

question 127

Multiple Choice

Stancil Enterprises prepaid four months of office rent totaling $8,100 on October 1,2017.Assuming Stancil records deferred expenses using the alternative treatment,what would be the adjusting entry recorded on December 31,2017?

• A)Debit Rent Expense and credit Prepaid Rent for $6,075
• B)No entry is needed since Rent Expense was recorded on October 1,2017
• C)Debit Prepaid Rent and credit Rent Expense for $2,025
• D)Debit Prepaid Rent and credit Rent Expense for $24,300

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Definitions:

Peripheral Nervous System

The portion of the nervous system that exists outside the brain and spinal cord, responsible for transmitting sensory information to the central nervous system and carrying motor commands to muscles and organs.

Pns

Abbreviation for Peripheral Nervous System, which includes nerves and ganglia outside of the brain and spinal cord.

Transient Ischemic Attack

Often called a mini-stroke, a transient episode of neurological dysfunction caused by the loss of blood flow to the brain, spinal cord, or retina, without acute infarction.

Abbreviation

A summarized form of a word or phrase.