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An individual has 100% ownership in several entities. One of these entities (landlord) owns office...

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Accounting

An individual has 100% ownership in several entities. One of these entities (landlord) owns office space which is leased to a related operating entity (tenant) for $1,000 per month. Which of the following accounts would NOT be part of the two-step entry made on the books of the tenant to accrue and then pay this amount?

A. Intercompany Receivable

B. Cash

C. Rent Expense

D. Intercompany Payable

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