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On April 1, 2023, you prepaid three months of rent, for a total of $18,000. Give your adjusting entry to record rent expense at
On April 1, 2023, you prepaid three months of rent, for a total of $18,000. Give your adjusting entry to record rent expense at April 30, 2023. Include the date of the entry and an explanation. Then, using T-accounts, post to the two accounts involved and show their balances at April 30, 2023. Record the journal entry for one month's rent expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date April Journal Entry Accounts and Explanation Debit Credit
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