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Which will be recorded on ben ltd financial statement

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Problem 1: On 1 Nov 2019, Ben Ltd paid $62,000 for web hosting services from 1 Nov 2019 to 30 April 2020. Which of the following will be recorded on Ben Ltd's financial statement for the year ended 31 Dec 2019 with regards to the payment method

A. Accrued Expense of $20,800
B. Expense of $10,400
C. Income of $62,400
D. Prepaid Expense of $41,600

 

Reference no: EM132707833

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