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Acme Corp. reports the following balances at the end of 2020: Cash $98,912 Accounts Receivable $71,594 Equipment $54,347 Prepaid Rent $ -?- Wages Payable $1,856
Acme Corp. reports the following balances at the end of 2020: Cash $98,912 Accounts Receivable $71,594 Equipment $54,347 Prepaid Rent $ -?- Wages Payable $1,856 Notes Payable $100,780 Common Stock $75,000 Retained Earnings $56,899 What should be reported as the value for prepaid rent
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