An adjustment for Prepaid Rent Expense would indicate:
A) the amount originally paid.
B) the amount expired.
C) the amount of the ending balance.
D) the amount of the beginning balance.

Question

Quizplus · Accepted Answer

An adjustment for Prepaid Rent Expense is made to recognize the portion of the prepaid amount that has been used up or "expired" during the period, reflecting the expense incurred for that period.

An Adjustment for Prepaid Rent Expense Would Indicate