The trial balance for Greenway Corporation appears as follows: If as of December 31, 2022, rent of $150 for December had not been recorded or paid, the adjusting entry would include a:
A)credit to Accumulated Rent for $150.
B)credit to Cash for $150.
C)debit to Rent Payable for $150
D)debit to Rent Expense for $150

Question

The trial balance for Greenway Corporation appears as follows:  If as of December 31, 2022, rent of $150 for December had not been recorded or paid, the adjusting entry would include a:
A)credit to Accumulated Rent for $150. 
B)credit to Cash for $150. 
C)debit to Rent Payable for $150 
D)debit to Rent Expense for $150

Quizplus · Accepted Answer

The Answer of The trial balance for Greenway Corporation appears as follows:  If as of December 31, 2022, rent of $150 for December had not been recorded or paid, the adjusting entry would include a:
A)credit to Accumulated Rent for $150. 
B)credit to Cash for $150. 
C)debit to Rent Payable for $150 
D)debit to Rent Expense for $150

The Trial Balance for Greenway Corporation Appears as Follows