Question

The trial balance for Splish Brothers Inc. appears as follows: Splish Brothers Inc. Trial Balance December 31, 2022 Cash $340 Accounts Receivable 595 Prepaid Insurance 93 Supplies 205 Equipment 4560 Accumulated Depreciation, Equipment $680 Accounts Payable 438 Common Stock 1370 Retained Earnings 1600 Service Revenue 3415 Salaries and Wages Expense 1140 Rent Expense 570 $7503 $7503 If as of December 31, 2022, rent of $171 for December had not been recorded or paid, the adjusting entry would include a: debit to Rent Expense for $171 debit to Rent Payable for $171 credit to Cash for $171. credit to Accumulated Rent for $171.

Answer 1

debit to Rent Expense for $171

Step-by-step explanation:

The adjusting entry would be

Rent Expense $171

To Rent expenses payable $171

(Being Rent expense accounted is recorded)

Here the rent expense is debited as it increased the assets and credited the rent expense payable as it also increased the liabilities

Therefore the a option is correct

ANd, the rest of the options would be wrong