Ask Experts Questions for FREE Help!
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps
 
Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Accounting    Ask about another Subject  
 
PDA

danielp0223
Sep 29, 2009, 05:09 PM
rent expired during year, 9300. do i debit or credit on an adjusted entrie
pready
Sep 30, 2009, 06:54 AM
Rent expired means that you used rent that was prepaid during the period. You will have a debit and a credit. Debits = Credits is very basic accounting, not a 301 level accounting course.

Your debit will be to Rent Expense because you used the rent.
Your Credit will be to Prepaid Rent because you used part of the rent that was paid for in advance.