Question
Alpha made a prepayment of $1,200 for 12 months of rent and recorded it as a debit to Rent Expense andcredit to Cash. At the
Alpha made a prepayment of $1,200 for 12 months of
rent and recorded it as a debit to Rent Expense andcredit to Cash. At the end of the year, there were3 months of unused rent remaining, but no AJE was recorded.What corrections, if any, should be made to the trial balance?
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Managerial Accounting
Authors: Ray H Garrison, Alan Webb, Theresa Libby
11th Canadian Edition
1259275817, 978-1259275814
