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On April 1 your company prepaid six months of rent, $4,800.

Price: $1.99


On April 1 your company prepaid six months of rent, $4,800.

Requirements

1. Prepare the journal entry for the April 1 payment.

2. Prepare the adjusting entry required at April 30.

3. Post to the two accounts involved and show their balances at April 30

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