Becky Badger is the CFO of Abbott Lamp Corporation, a manufacturer of lamps. Becky makes the following
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Question:
- Becky Badger is the CFO of Abbott Lamp Corporation, a manufacturer of lamps. Becky makes the following entry for factory rent:
Rent Expense$20,000
Cash$20,000
As a UWM MBA, please describe why Becky's journal entry is wrong and incorporate the matching principle in your answer (3 pts).
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