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Williams Enterprises prepaid six months of office rent totaling $8,000 on October 1, 2017. Assuming ...

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Williams Enterprises prepaid six months of office rent totaling $8,000 on October 1, 2017. Assuming ...

Williams Enterprises prepaid six months of office rent totaling $8,000 on October 1, 2017. Assuming Williams records deferred expenses using the alternative treatment, what would be the entry on October 1, 2017?
A) Debit Rent Expense and credit Cash for $8,000
B) Debit Cash and credit Unearned Rent for $8,000
C) No entry is needed until the expense is incurred
D) Debit Prepaid Rent and credit Cash for $8,000

Textbook

Horngren's Financial & Managerial Accounting, The Financial Chapters

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

Read 1527 times

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H3Ko Author

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7 years ago

Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.

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Mrgo-breed

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Excellent

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Thank you

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thank you

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great

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