The following extract was taken from the worksheet of Dutch, Inc. for the year 2016

Dutch, Inc

Worksheet
December 31, 2016

Account Names
Prepaid Rent
Rent Expense
Depreciation Expense - Equipment
Office Supplies Unadjusted Trial Balance
Debit Credit
1,200
800

2,000 Adjusted Trial Balance
Debit Credit
0
2,000
1,500
750

From the above information, determine the amount of the Rent Expense adjustment.
What will be an ideal response


A
Rent Expense = $2,000 - $800 = $1,200

Business

You might also like to view...

Purchases and sales of cash equivalents are reported as investing activities on a statement of cash flows

a. True b. False Indicate whether the statement is true or false

Business

Any process that generates well-defined outcomes is a(n)

A. event. B. experiment. C. sample point. D. sample space.

Business

When a job is completed in a service organization, the job costs are transferred to the

A) work in process account. B) cost of services account. C) finished goods account. D) cost of goods sold account.

Business

Which of the following is a marketing intermediary?

A) customers B) producers C) manufacturers D) retailers E) advertisers

Business