Question: PLEASE READ BEFORE ANSWERING THE FOLLOWING CHEGG QUESTION. WILL RATE Hello! I'm currently adjusting a trial balance and I'm a bit confused about a specific

PLEASE READ BEFORE ANSWERING THE FOLLOWING CHEGG QUESTION. WILL RATE Hello! I'm currently adjusting a trial balance and I'm a bit confused about a specific part of the homework I was given. The homework says the following: "Rent was paid for two months on November 30, 2019. Adjust one month's rent". (The homework takes place in the year 2019 in December) The beginning balance of prepaid rent is $4,000. How do I exactly adjust it? Do I adjust it like 4,000 x (1/12) or do I adjust it like 4000 x (1/2)? Thanks in advance!

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