what is the entry when the business pay its rent for one year? * O debit prepaid rent, credit cash debit prepaid rent, credit accounts payable O debit cash, credit prepaid expense debit prepaid expenses, credit accounts payable O O

what is the entry when the business pay its rent for one year? * O debit prepaid rent, credit cash debit prepaid rent, credit accounts payable O debit cash, credit prepaid expense debit prepaid expenses, credit accounts payable O O

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 10PA: Prepare journal entries to record the following transactions. Create a T-account for Interest...

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

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what is the entry when the business pay
its rent for one year? *
O debit prepaid rent, credit cash
debit prepaid rent, credit accounts
payable
debit cash, credit prepaid expense
debit prepaid expenses, credit
accounts payable

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