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Home Q & A Board Other Fields Homework Help Business Accounting
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prime7105 prime7105
wrote...
Posts: 159
Rep: 37 0
6 years ago
The records of CTC reported rent expense for 20x5 (paid in cash during 20x5) of $53,500. An
audit revealed that the following accrued and prepaid amounts were not recorded in the adjusting
entries for 20x4 and 20x5:
End of 20x4 End of 20x5
Accrued rent expense $6,000 $ 3,500
Prepaid rent expense $7,000 $11,500
What amount should have been reported for 20x5 rent expense?
A) $46,500
B) $53,500
C) $60,500
D) $64,000
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
Read 52 times
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#1
6 years ago
A
prime7105 Author
wrote...
#2
6 years ago
marking this SOLVED
wrote...
#3
6 years ago
Monkey
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