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december 31,2019 is the last day of the 4th month of operations. Ms. Nable decided to use the asset method in accounting for prepayments. The
december 31,2019 is the last day of the 4th month of operations. Ms. Nable decided to use the asset method in accounting for prepayments. The adjusting entry will include:
a. a debit to rent expense for 90,000
b. a debit to prepaid rent for 90,000
c. a credit to prepaid rent for 45,000
d. a credit to rent expense for 45,000
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