On September 1,2016,Joy Company Paid $6,000 in Advance for an Eight-Month

question 37

Multiple Choice

On September 1,2016,Joy Company paid $6,000 in advance for an eight-month rental space covering the period of September,2016 through April 2017.The deferred expense was initially recorded as an asset.Joy Company makes adjusting entries once a year at year-end.The adjusting entry on December 31,2016 would include a ________.

• A)debit of $6,000 to Cash
• B)credit of $6,000 to Prepaid Rent
• C)debit of $3,000 to Rent Expense
• D)credit of $3,000 to Rent Expense

---

Definitions:

Carbon Footprint

The total amount of greenhouse gases, including carbon dioxide and methane, that are emitted by our actions, directly or indirectly.

Corporate Social Responsibility

The practice of businesses integrating ethical, environmental, social, and economic concerns into their operations and decision-making process.

Corporate Social Responsibility

A business model whereby companies integrate social and environmental concerns in their operations and interactions with stakeholders.

Successful Engagement

The achievement of desired outcomes from interactions or relationships with stakeholders or audiences, typically indicated by positive responses or participation.