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31 December, 07:02

Assume that cash is paid for rent to cover the next year.

The appropriate debit and credit are:

A. Debit Rent Expense, credit Cash.

B. Debit Prepaid Rent, credit Rent Expense.

C. Debit Prepaid Rent, credit Cash.

D. Debit Cash, credit Prepaid Rent.

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Answers (1)
  1. 31 December, 07:44
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    D. Debit Cash, credit Prepaid Rent
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