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harra harra
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7 years ago
Lynnwood Services prepaid 24 months of rent in advance on October 1, 2014. Lynnwood Services debited rent expense for the entire amount of $12,000. The adjusting entry on December 31, 2014, would include a:
A) debit to prepaid rent for $1,500.
B) debit to prepaid rent for $10,500.
C) credit to rent expense for $1,500.
D) debit to rent expense for $10,500.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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KryzenKryzen
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7 years ago
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harra Author
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7 years ago
Correct Slight Smile TY
kevin12323h
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Smart ... Thanks!
kh540941
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2 hours ago
Thank you, thank you, thank you!
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