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Baltimore Company paid $3,600 cash for the right to use office space during the coming year. Which of the following shows how this event would
Baltimore Company paid $3,600 cash for the right to use office space during the coming year. Which of the following shows how this event would affect Baltimores ledger accounts?
Assets | = | Liabilities | + | Stockholders Equity | ||||
Cash | + | Prepaid Rent | = | Accounts Payable | + | Common Stock | + | Retained Earnings |
(3,600) | 3,600 |
Assets | = | Liabilities | + | Stockholders Equity | ||||
Cash | + | Prepaid Rent | = | Accounts Payable | + | Common Stock | + | Retained Earnings |
3,600 | 3,600 |
Assets | = | Liabilities | + | Stockholders Equity | ||||
Cash | + | Prepaid Rent | = | Accounts Payable | + | Common Stock | + | Retained Earnings |
3,600 | 3,600 |
Assets | = | Liabilities | + | Stockholders Equity | ||||
Cash | + | Prepaid Rent | = | Accounts Payable | + | Common Stock | + | Retained Earnings |
(3,600) | (3,600) |
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