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Title: Stancil Enterprises prepaid four months of office rent totaling $9,000 on October 1, 2017. Assuming ... Post by: H3Ko on Aug 27, 2016 Stancil Enterprises prepaid four months of office rent totaling $9,000 on October 1, 2017. Assuming Stancil records deferred expenses using the alternative treatment, what would be the adjusting entry recorded on December 31, 2017?
A) Debit Rent Expense and credit Prepaid Rent for $6,750 B) Debit Prepaid Rent and credit Rent Expense for $27,000 C) No entry is needed since Rent Expense was recorded on October 1, 2017 D) Debit Prepaid Rent and credit Rent Expense for $2,250 Title: Re: Stancil Enterprises prepaid four months of office rent totaling $9,000 on October 1, 2017. ... Post by: Tanks on Aug 27, 2016 Content hidden
Title: Re: Stancil Enterprises prepaid four months of office rent totaling $9,000 on October 1, 2017. Assuming ... Post by: H3Ko on Oct 12, 2016 I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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