Homework Answers
Answer: Option No 4, Debit Rent Expense $3650, Credit Prepaid Rent $3650.
| Sr No | Date | Particulars | Dr Amt | Cr Amt | |
| 1 | 31st July | Rent Expenses A/c | 3,650.00 | - | |
| To Prepaid Rent A/c | - | 3,650.00 | |||
| Narration | (Being Adjusted Prepaid rent to the month of July and Debited to Rent Expenses Account) |
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