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Honey Brown Inc. paid six months' rent in advance totalling $9,000. At the end of the first month, the adjusting entry would include a: A.
Honey Brown Inc. paid six months' rent in advance totalling $9,000. At the end of the first month, the adjusting entry would include a:
A.
debit to Rent Expense for $7,500
B.
debit to Prepaid Rent for $7,500
C.
debit to Rent Expense for $1,500
D.
debit to Prepaid Rent for $1,500
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