You have signed a two$-$year lease on an office rental at $$300/$month to be electronically deducted from your bank account. What is the most efficient way to record the automatic withdrawal each month?

Answer:$$

A$.$

$$Put a note on your computer to remind you to record the rent expense each month.

$$

B$.$

$$Wait for the bill and then record the expense each month.

$$

C$.$

$$Create a recurring expense for the next $24$ months.

$$

D$.$

$$None of these is correct.

Answer:$$

A$.$

$$Profit and Loss Statement

$$

B$.$

$$Budget Overview

$$

C$.$

$$Company Snapshot

$$

D$.$

$$Budget Summary