On March 1, West Laboratory moved to new location and paid 2 month's rent in...
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Accounting
On March 1, West Laboratory moved to new location and paid 2 month's rent in advance $5.000 . ($ 2 500 each month) . What is the adjusting entry to be recorded at the end of April:
A. Cash 2 500 Debit, Prepaid expense 2 500 Credit
B.
Rent expense 5 000 Debit. Prepaid expense 5 000 Credit
C.
Rent expense 2 500 Debit, Prepaid Rent 2 500 Credit
D.
Prepaid Rent 2 500 Debit, Rent expense 2 500 Credit
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