11) Using the alternative treatment, a deferred expense is recorded initially as a(n) A) asset B) expense C) revenue D) all of the above 12) Using the alternative treatment, if an amount is still left as unexpired rent, it must be adjusted and transferred from rent expense to A) Cash B) Rent Payable C) Accounts Payable D) Prepaid Rent 14) On March 1, 2025, LeClaire, Inc. paid $60,000 for office rent covering the three month period ending May 31, 2025. Journalize the adjusting entry on March 31 by using the alternative treatment of deferred expenses. Omit explanation. Answer: Prepaid Rent 40,000 Rent Expense 40,000 19) On September 1, Patterson Maintenance Company contracted to provide monthly maintenance services for the next six months at a rate of $3,000 per month. TOlient paid Patterson $18,000 on September 1. Assuming Patterson records deferred revenues using the alternative treatment, what would be the entry on September 1? A) Debit Cash and credit Unearned Revenue for $18,000. B) No entry is needed until the services are performed. C) Debit Cash and credit Service Revenue for $18,000. D) Debit Prepaid Maintenance and credit Cash for $18,000. 20) On September 1, Advantage Maintenance Company contracted to provide monthly maintenance services for the next five months at a rate of $2,600 per month. The client paid Advantage $13,000 on September 1. The maintenance services began on that date. Assuming Advantage records deferred revenues using the alternative treatment, what would be the adjusting entry recorded on December 31? A) No entry is needed since revenue was recorded on September 1. B) Debit Service Revenue and credit Unearned Revenue for $2,600