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At 30 June 2018, before any year-end adjustments, David Company's Rent expense account had a balance of $5,000 and its Prepaid rent account had a
At 30 June 2018, before any year-end adjustments, David Company's Rent expense account had a balance of $5,000 and its Prepaid rent account had a balance of $10000. It was determined that $2,500 of the Prepaid rent had expired. The adjusted balance for Rent expense for the year would be: Select one: a. $10,000 b. $7,500. C. $2,500. d. $5,000
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