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

asked
User Vukung
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8.3k points

1 Answer

2 votes
An adjustment for Prepaid Rent would indicate the amount expired.
Prepaid expenses may need to be adjusted at the end of the accounting period. The adjusting entry for prepaid expense depends upon the journal entry made when it was initially recorded.
Thus B. expired is the best choice.
answered
User Howard Lovatt
by
8.0k points
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