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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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