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Solar Mow, makers and sellers of solar powered lawn mowers, paid the rent for the month of January on January 1. Recording the transaction requires

Solar Mow, makers and sellers of solar powered lawn mowers, paid the rent for the month of January on January 1. Recording the transaction requires

  • an asset to be debited, a liability to be credited
  • a liability to be debited, an asset to be credited
  • an expense to be debited, an asset to be credited
  • an asset to be debited, a revenue to be credited

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