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Home Q & A Board Other Fields Homework Help Business Accounting
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harra harra
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6 years ago
The bookkeeper recorded prepaying rent in the amount of $1,200 incorrectly as $2,100.  Which of the following journal entries will correct the ledger accounts if the business records prepaying expenses by debiting an asset account?
A)
Accounts receivable   900   
        Prepaid rent expense      900

B)
Cash   900   
        Prepaid rent expense      900

C)
Cash   900   
        Rent expense      900

D)
Rent expense   900   
        Cash      900
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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HanoiHanoi
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6 years ago
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harra Author
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#2
6 years ago
Can't believe how you found this in the textbook, great answer.
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