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Are my numbers on the flow chart correct? And how do I complete the entries for requirements 3 and 4? Forms for: Problem 7-4 Paying
Are my numbers on the flow chart correct? And how do I complete the entries for requirements 3 and 4? Forms for: Problem 7-4 Paying Rent in Advance and the Monthly Prepaid Rent Requirement 1 -June 20 advance payment of rent Date Account Name Debit Credn Requirement 2-Prepaid Rent timeline In the boxes above the timeline, indicate the amount of remaining Prepaid Rent for each date on the timeline. Note that the amounts of Prepaid Rent for June 20 (the date the contract was signed) and for October 31 (the last day of the four month rental period) have already been entered h the boxes below the timeline, indicate the amount of Prepaid Rent that expires (is used-up). during each of the four months. $0 June 20 July 1 July 31 Aug. 31 Sept. 30 Oct. 31 July August September October Month 1 Month 2 Month 3 Month 4
Are my numbers on the flow chart correct? And how do I complete the entries for requirements 3 and 4?
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