If an adjusting entry includes a debit to Rent expense, that would indicate that the payment of rent had been previously recorded as a(n)entry.
A)accrued revenue
B)depreciation
C)prepaid expense
D)accrued expense

Question

Quizplus · Accepted Answer

The debit to Rent Expense indicates that the rent was initially recorded as a Prepaid Expense, which is an asset. The adjusting entry recognizes the expense as it is incurred.

If an Adjusting Entry Includes a Debit to Rent Expense