8 The balance in the Prepaid Rent account before adjustment at the end of the...
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Accounting
8 The balance in the Prepaid Rent account before adjustment at the end of the year is $15.600, which represents 12 months rent paid on September 1. The adjusting entry required on December 31 to show the amount of rent that had expired is: X 02:47:10 Multiple Choice Account Name Credit Debit $1,300 Rent expense Cash $1,300 Debit Credit Account Name $5,200 Rent expense Cash $5,2 Credit Account Name Debit $5,200 $5,200 Rent expense Prepaid rent Credit Account Name Debit $1,300 $1,3ee Rent expense Prepaid rent
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