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Help me thanks! On July 1 , our company pays ( $ 50,000 ) for one year's rent. We record a journal entry to debit

Help me thanks! On July 1 , our company pays \( \$ 50,000 \) for one year's rent. We record a journal entry to debit Prepaid Rent for 50,000 and to credit Cash for 50,000 . Now, it is December 31 and it is time to pr 1 answer

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