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The balance in the Prepaid Rent account before adjustment at the end of the year...

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Accounting

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The balance in the Prepaid Rent account before adjustment at the end of the year is $24900, which represents three months' rent paid on December 1. The adjusting entry required on December 31 is to O debit Prepaid Rent $16600, credit Rent Expense. $16600 debit Prepaid Rent $8300: credit Rent Expense, $8300 debit Rent Expense, $8300, credit Prepaid Rent. $8300 debit Rent Expense, 516600;credit Prepaid Rent $16600 At March 1, 2020, Vaughn Corp. had supplies on hand of $550. During the month, Minutemen purchased supplies of $1180 and used supplies of $1660. The March 31 adjusting journal entry should include a O credit to the supplies account for $1660. O debit to the supplies account for $1180. O credit to the supplies account for $550. O debit to the supplies account for $1660

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