On January 1, the Sleepy Monk Coffee Shop paid $22,500 for a full year of rent beginning on January 1. The rent payment was appropriately recorded in the Cash and Prepaid Rent accounts. If financial statements are prepared on January 31, the journal entry to record the adjustment would be.

A) Debit Prepaid Rent and credit Rent Expense for $22,500.
B) Debit Rent Expense and credit Prepaid Rent for $22,500.
C) Debit Prepaid Rent and credit Rent Expense for $1,875.
D)Debit Rent Expense and credit Prepaid Rent for $1,875.

Sarah needs to complete financial aid packets. during which school year would she do this? sophomore freshman senior junior

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.

Describe the three different ways the argument section of a cover letter can be formatted