Concord Corporation paid cash of $121500 on June 1, 2020 for one year’s rent in advance and recorded the transaction with a debit to Prepaid Rent. The December 31, 2020 adjusting entry is

Debit Rent expense and credit Prepaid rent $70,875

Explanation:

Going by the Accrual principle of Accounting, expenses have to be recognized in the period they are due.

7 months of the rent fall into 2020 (June to December) so the prepaid rent has to be adjusted to reflect this;

= 121,500 * 7/12 months

= $70,875

The Prepaid Rent account will be reduced by $70,875 which means it will be credited.

The rent for the year being $70,875 will be debuted to Rent Expense to recognize it for the year.

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

mark brainliest!

the correct answer option is b. a single paragraph.

explanation:

when you are thinking about paragraph​ topics, you should always choose a subject that can be adequately addressed in a single paragraph.

a paragraph is a piece of writing consisting of a few sentences that deal with a single theme. it has only a single idea that the paragraph revolves around and talks about.

so a paragraph topic must be chosen wisely where a single idea can be communicated in a single paragraph.