Hi

We paid Jan 2008 Rent in Dec 2007 for 3000. Can you please let me know the adjustment entry for this.

Thanks

It's prepaid rent, an asset. You cannot expense it until January. Obviously you'll credit cash since it was paid, and you debit the Prepaid Rent. Technically, that isn't an adjusting entry. The adjusting entry will be done in January, where you'll credit it back out of Prepaid Rent and then debit Rent Expense.