4. Kola-Nut Ltd is a company which offers their customers a wide selection...
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Accounting
| 4. | Kola-Nut Ltd is a company which offers their customers a wide selection of soft drinks. This month, Kola-Nut Ltd paid for 1 month of rent for the warehouse room, which has a monthly costs of $1200.
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| A | DR Accounts Payable $1,200 CR Rent expense $1,200 |
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| B | DR Rent expense $1,200 CR Accounts Payable $1,200 |
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| C | DR Rent expense $14,400 CR Accounts Payable $14,400 |
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| D | DR Accounts Payable $14,400 CR Rent expense $14,400 |
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| E | None of the above |
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