on december 1 of the current year, prepaid rent was debited $6,000 for three months of rent, to cover the…

on december 1 of the current year, prepaid rent was debited $6,000 for three months of rent, to cover the period december 1 to february 28. the amount of the adjusting entry on december 31 is:\n\na. $0\nb. $4,000\nc. $6,000\nd. $2,000

on december 1 of the current year, prepaid rent was debited $6,000 for three months of rent, to cover the period december 1 to february 28. the amount of the adjusting entry on december 31 is:\n\na. $0\nb. $4,000\nc. $6,000\nd. $2,000

Answer

Explanation:

Step1: Calculate monthly rent

Total rent is $6000 for 3 months. Monthly rent = $\frac{6000}{3}$

Step2: Determine rent for December

December is 1 month. So rent for December is $\frac{6000}{3}=2000$

Answer:

D. $2,000