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On 1 September 20X1, Company BM paid $9,000 for one year of rent, in advance. Which of the following accounts and amounts will appear on
On 1 September 20X1, Company BM paid $9,000 for one year of rent, in advance. Which of the following accounts and amounts will appear on an adjusted trial balance prepared on 31 December 20X1?
Prepaid Rent, $9,000
Prepaid Rent, $3,000
Rent Expense, $6,000
Rent Expense, $3,000
None of the above.
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