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Home Q & A Board Other Fields Homework Help Business Accounting
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wiliam789 wiliam789
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6 years ago
Williams Enterprises prepaid six months of office rent totaling $9,000 on October 1, 2017.  Assuming Williams records deferred expenses using the alternative treatment, what would be the entry on October 1, 2017?
A) Debit Prepaid Rent and credit Cash for $9,000
B) No entry is needed until the expense is incurred
C) Debit Cash and credit Unearned Rent for $9,000
D) Debit Rent Expense and credit Cash for $9,000
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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squereqsquereq
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6 years ago
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wiliam789 Author
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6 years ago
I wanna give this person a hug.
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