paid rent journal entry
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Answered by
261
HEY___
U R ANSWER ⤵⏬⏬
RENT AC DR
TO CASH AC
[ BEING RENT PAID IN CASH ]
MAYBE IT HELPS YOU ☺☺☺
GUD EVENING ❤❤
U R ANSWER ⤵⏬⏬
RENT AC DR
TO CASH AC
[ BEING RENT PAID IN CASH ]
MAYBE IT HELPS YOU ☺☺☺
GUD EVENING ❤❤
Answered by
44
The debits and credits are shown in the following journal entry: Since cash was paid out, the asset account Cash is credited and another account needs to be debited. Because the rent payment will be used up in the current period (the month of June) it is considered to be an expense, and Rent Expense is debited.
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