The Lazarus Company recorded the following adjustment in general journal format:Rent Expense1,200 Prepaid Rent 1,200Which of the following choices accurately reflects how this event would affect the company's financial statements? Asset=Liab.+Stk.EquityRev.-Exp.=Net Inc.Stmt ofCash FlowsA.NA=++-NA-+=-+OAB.-=NA+-NA-+=--OAC.-=NA+-NA-+=-NAD.NA=-+-NA-+=--IA
A. Option A
B. Option B
C. Option C
D. Option D
Answer: C
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