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Home Q & A Board Other Fields Homework Help Business Accounting
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Kwami Kwami
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7 years ago
Joan of Arc, Inc. had prepaid rent of $50,000 at December 31, 2005. After careful analysis by the chief accountant it was determined that the balance in the prepaid rent account should be $20,000. What is the adjusting entry?
A) Rent expense   20,000
   Prepaid rent   20,000
B) Rent expense   30,000
   Prepaid rent   30,000
C) Prepaid rent   30,000
   Rent expense   30,000
D) Prepaid rent   20,000
   Rent expense   20,000
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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suryoyosuryoyo
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7 years ago
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Kwami Author
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7 years ago
Very nice, you've helped tremendously

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