Not recording the Prepaid Rent used causes
A. assets to be too high.

C. expenses to be too high.

At the start of this year, 18 months’ rent was paid. At the year’s end, how will this affect the balance sheet?
A. Assets will be decreased.
B. Liabilities will be increased.

Question

Not recording the Prepaid Rent used causes
  A. assets to be too high. 	
 	
  C. expenses to be too high.

At the start of this year, 18 months’ rent was paid. At the year’s end, how will this affect the balance sheet?
  A. Assets will be decreased. 	
  B. Liabilities will be increased.

anonymous · Answer

@Purplerainbowcherry @dmytro1996

anonymous · Answer

um how about you try in the business section? this is way over my head right now :/

anonymous · Answer

I think its C

anonymous · Answer

Im pretty sure its A