Question

An adjustment for Prepaid Rent would indicate the amount Question 10 options: expired. on hand. originally paid. of the trial balance.

Answer 1

it would indicate the amount Expired.

Prepaid rent is a type of rent expense that you paid up-front for the future use.
In accounting, adjustment is made towards prepaid rent at the end of the year in order to find the true value ofremaining prepaid rent.
This value is being calculated by finding the fees of the rent per month and reducing it with the total by the end of the year