payment of rent using post dated check

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Dec 11, 2007, 08:31 PM

ABEGAIL ABAD

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Join Date: Dec 2007

Posts: 1

payment of rent using post dated check

how i will make an entry for payment of rental for the year 2008 issued december 2007. We have issued 4 post dated checks checks dated as follows: January 2 for the 1st quarter, april 2 for the 2nd quarter and july 2 for the 3rd quarter and October 2 for the 4th quarter. How i will prepare this entry? Is is debit Prepaid rent and credit Rent Payable? . need ur reply

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