If a company pays for rent on Dec 31, 2024 for 6 months in advance for $6,000 – Jan 2025 to June 2025
1) What is the proper accounting journal entry – if paid it is paid in cash?
2) What accounting principle supports your answer?
If a company pays for rent on Dec 31, 2024 for 6 months in advance for $6,000 – Jan 2025 to June 2025
1) What is the proper accounting journal entry – if paid it is paid in cash?
2) What accounting principle supports your answer?