On Sept 1, the Mini-Mite Store paid $12,000 to the Maxi-Mall Co. for 3 months rent starting Sept 1. Prepaid Rent was debited for the $12,000. If financial statements are prepared on Sept 30, the appropriate adjusting journal entry to make on Sept 30 would be

$4,000 debit to Rent Expense

$4,000 credit to Prepaid Rent.

Explanation:

Date        Account Title and Explanation  Debit        Credit

Sept 30   Rent Expenses                             $4,000

                ($12,000 * 1/3)

                       Prepaid Rent                                           $4,000

                (Been an adjusting entry to record the rent expenses)

(75years ,i believe is the correct answer.good luck

you have to put the parentheses like this:

in fact, you have to perform the operation inside parentheses first, and then proceed in order: