The payment for the monthly rent will require the following entry
A) Debit Cash and Debit Rent Expense
B) Credit Cash and Credit Rent Expense
C) Debit Rent Expense and Credit Cash
D) Credit Rent Expense and Debit Cash

Question

Quizplus · Accepted Answer

When paying rent, Cash will be decreased (credited), and Rent Expense will increase (debited). Therefore, we have to Debit Rent Expense and Credit Cash.

The Payment for the Monthly Rent Will Require the Following