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  • 20-02-2024
  • Business
contestada

On August 1, a company prepaid rent for one year. The December 31st adjusting entry will blank______.

a) Debit Prepaid Rent and credit Rent Expense
b) Debit Rent Expense and credit Prepaid Rent
c) Debit Prepaid Rent and credit Cash
d) Debit Cash and credit Prepaid Rent

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