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How would the General Ledger , (T- Account) , look like when one month of rent is expired : Paid first and last months rent,
How would the General Ledger , (T- Account) , look like when one month of rent is expired :
Paid first and last months rent, $8,000 total (this amount covers two months rent as follows: 1.) March of Year 1 and 2.) some future month at the end of the business operations), to Sampras Rent Co. Assume the entire rent amount is paid for the retail store space; no rent is to be allocated to office space.
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