Prepaid Rent in the worksheet’s unadjusted trial balance col

Prepaid Rent in the worksheet’s unadjusted trial balance column is $5,000. Prepaid Rent in the balance sheet column is $2,000. Which of the following entries would have caused this difference?

A) a $3,000 debit entry to Prepaid Rent in the worksheet’s adjustments column
B) a $3,000 credit entry to Rent Expense in the worksheet’s adjustments column
C) a $3,000 credit entry to Prepaid Rent in the worksheet’s adjustments column
D) a $3,000 credit entry to Rental Revenue in the worksheet’s adjustments column

ANSWER

C

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