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Hugh paid $10,000 for rent during the current year. At the beginning of the year, there is an accrual of $500 and at the end
Hugh paid $10,000 for rent during the current year. At the beginning of the year, there is an accrual of $500 and at the end of the year, the business had an accrual of $430. How much would be shown as the expense for the rent in the income statement for the current year?
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