Business, 17.03.2020 19:25 hannaho8714

Assume that cash is paid for rent to cover the next year. The appropriate debit and credit are:

Debit Rent Expense, credit Cash.
Debit Prepaid Rent, credit Rent Expense.
Debit Prepaid Rent, credit Cash.
Debit Cash, credit Prepaid Rent.

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Assume that cash is paid for rent to cover the next year. The appropriate debit and credit are:

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