Question

The payment for rent of the office building for one month would include a:

a) Debit to Rent Expense
b) Credit to Revenue
c) Credit to Accounts Payable
d) Debit to Cash

Answer 1

The payment for rent of the office building for one month would be recorded as a Debit to Rent Expense.

Step-by-step explanation:

The payment for rent of the office building for one month would include a:

1. Debit to Rent Expense
2. Credit to Revenue
3. Credit to Accounts Payable
4. Debit to Cash

In this case, the correct answer would be a) Debit to Rent Expense.

When making a payment for rent, it is considered an expense for the business. This expense is recorded by debiting the Rent Expense account, which increases the expense on the income statement, and crediting the Cash account, which decreases the asset on the balance sheet.