Question: SV Help Save & Exit Sub Check my wc Somerset Leasing received $16,800 for 12 months' rent in advance. How should Somerset record this transaction?

SV Help Save & Exit Sub Check my wc Somerset Leasing received $16,800 for 12 months' rent in advance. How should Somerset record this transaction? Multiple Choice Prepaid rent Rent expense 16,800 16,800 16,800 Cash Deferred rent revenue 16,800 Interest expense Interest payable 16,800 16,800 Salaries expense Salaries payable 16,800 16,800

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