Bowden Golf Co. prepaid three years’ rent ($36,000) on January 1, 2014. At December 31, 2014, Bowden prepared a trial balance and then made the necessary adjusting entry at the end of the year. Bowden adjusts its accounts once each year—on December 31.
What amount appears for Prepaid Rent On?
a. Bowden’s unadjusted trial balance at December 31, 2014?
b. Bowden’s adjusted trial balance at December 31, 2014?
What amount appears for Rent Expense On?
c. Bowden’s unadjusted trial balance at December 31, 2014?
d. Bowden’s adjusted trial balance at December 31, 2014?