Question

The entry to record the expiration of part of the prepaid rent will _______ at the end of the month.

A. decrease total assets and increase total expenses
B. decrease total assets and decrease total expenses
C. increase total assets and increase total expenses
D. increase total assets and decrease total expenses

Answer 1

Answer: A

Explanation: at the end of the month your total assets will decrease because you are spending money on rent and your expenses will increase as it is an expense of living.

Answer 2

Decrease total assets and increase total expenses