Companies make a year-end adjustment of the trading investment to bring the account to historical value

On September 1 the Petite-Sizes Store paid $15,000 to the Mega-Mall Co. for 3 months' rent beginning September 1. Prepaid Rent was debited for the payment. If Petite-Sizes Store prepares financial statements on September 30, the appropriate adjusting journal entry to make on September 30 would be a

A) $10,000 debit to Prepaid Rent and a $10,000 credit to Rent Expense. B) No adjusting entry is necessary. C) $5,000 debit to Prepaid Rent and a $5,000 credit to Rent Expense. D) $5,000 debit to Rent Expense and a $5,000 credit to Prepaid Rent. E) $10,000 debit to Rent Expense and a $10,000 credit to Prepaid Rent.

In Financing, the "secondary marketplace" refers to the place where:

A. conventional loans originated B. secondary financing may be obtained C. FHA loans are originated D. existing loans are bought and sold