When a Tenant Makes an End-Of-Period Adjusting Entry Credit to the "Prepaid

question 97

Multiple Choice

When a tenant makes an end-of-period adjusting entry credit to the "Prepaid rent" account:

• A)(S)he usually debits cash.
• B)(S)he usually debits an expense account.
• C)(S)he debits a liability account.
• D)(S)he does none of the above.

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