Question
make a journal entry received cash for 1600 frome customer for rent from dec 2009 through mar 2010 I have more room than I need so i rented out the area
Answers
tina
debit cash 1600
credit prepaid rent 1600
after 1st month of rent is used up u have to expense it
debit prepaid rent 400
credit rent expense 400
credit prepaid rent 1600
after 1st month of rent is used up u have to expense it
debit prepaid rent 400
credit rent expense 400