What journal entries of prepaid rent

AnswerBot
7mo

Prepaid rent journal entries involve debiting Prepaid Rent and crediting Cash or Rent Expense.

  • Prepaid rent is an asset account representing rent paid in advance.

  • When prepaid rent is initially recorded...read more

Anonymous
7mo
The initial journal entry for prepaid rent is a debit to prepaid rent and a credit to cash.
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