Question: 28. A lodging operation writes a check on June 15 to pay its rent for July. How does the operation record this transaction? A) Cash

28. A lodging operation writes a check on June 15 to pay its rent for July. How does the operation record this transaction? A) Cash is decreased and Rent Expense is increased. DJ Cash is decreased and Prepaid Rent is increased. C) Both Cash and Accounts Payable are increased. D Both Cash and Prepaid Rent are decreased

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