which action will be taken in the adjusting entry to record rent expense that has expired during the month? (assume that the rent was paid in advance and previously recorded as an asset.)

At the completion of the financial statement, when a trial balance has already been created, adjusting entries are financial journal entries. Your basic accounting adjustment entries are posted to the ledger accounts similar to any other accounting entry when you make them in your journals.

You can reconcile revenues and expenses to the fiscal period wherein they happened through using adjusting entries. Normally, real-time journal event logging should be used. This is owing to the accrual foundation of bookkeeping, that compels you to report expenses and income as soon as payments are made, or invoicing are generated in the financial statements. As a result, the adjustment entry records the formal transfer of money.

The complete question is here:

Which action will be taken in the adjusting entry to record rent expense that has expired during the month? (Assume that the rent was paid in advance and previously recorded as an asset)

a. Debit Prepaid Rent

b. Credit Cash

c. Debit Rent Expense

d. Debit Cash

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