An adjustment for Prepaid Rent would indicate
A) the amount originally paid.
B) the amount expired.
C) the amount on hand.
D) the amount of the trial balance.

Name: An adjustment for Prepaid Rent would indicate A) the amount originally paid. B) the amount expired. C) the amount on hand. D) the amount of the trial balance.
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Question

Quizplus · Accepted Answer

An adjustment for Prepaid Rent would indicate the amount expired, as it is an adjustment made to account for rent that has been paid in advance but has now been used or expired.

An Adjustment for Prepaid Rent Would Indicate