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7) On June 1,2019, Starbucks paid the rent of $66,000 for 40 of its stores...

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Accounting

7) On June 1,2019, Starbucks paid the rent of $66,000 for 40 of its stores in Washington and California. The rent covers the period, June 1,2019 through November 30,2019. On June 1, Starbucks will record ________. On June 30, Starbucks will record ________.
A) Rent Expense of $66,000; nothing
B) nothing; Rent Expense of $66,000
C) nothing; Rent Expense of $11,000
D) Prepaid Rent of $66,000; Rent Expense of $11,000

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