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Business, 13.11.2019 20:31 historyfanboy101
The balance in the prepaid rent account before adjustment at the end of the year is $15,228, which represents 9 months' rent paid on december 1. determine the adjusting entry required on december 31.
debit rent expense, $13,536, credit prepaid rent, $1,692
debit rent expense, $1,692, credit prepaid rent, $1,692
debit prepaid rent, $13,536, credit rent expense, $1,692
debit prepaid rent, $1,692, credit rent expense, $1,692
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