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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
On January 1, Daisy Company paid $5,400 for six months rent. What would the adjusting entry be on March 31?
A) Debit Rent Expense $900, credit Prepaid Rent $900
B) Debit Rent Expense $900, credit Cash $900
C) Debit Rent Expense $2,700, credit Prepaid Rent $2,700 
D) Debit Rent Expense $2,700, credit Cash $2,700
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Financial Accounting

Financial Accounting


Edition: 3rd
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antonio_johnantonio_john
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Massachusetts Institute of Technology
-- Accounting

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tivo Author
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#2
7 years ago
Amazing, that's all I can say
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