What Is Prepaid Rent On A Balance Sheet - Web the initial journal entry for prepaid rent is a debit to prepaid rent and a credit to cash. These are both asset accounts and do not. Web prepaid rent is rent paid prior to the rental period to which it relates. Rent is commonly paid in advance, being due on.
These are both asset accounts and do not. Web the initial journal entry for prepaid rent is a debit to prepaid rent and a credit to cash. Rent is commonly paid in advance, being due on. Web prepaid rent is rent paid prior to the rental period to which it relates.