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On December 20, 2020, A Company made the following correct journal entry: Prepaid rent .24,000 Cash ....... 24,000 What transaction was the journal entry recording,
On December 20, 2020, "A" Company made the following correct journal entry: Prepaid rent .24,000 Cash ....... 24,000 What transaction was the journal entry recording, assuming "A" Company has a December 31 year-end? Select one: O a. $24,000 payment by "A" Company for office rent owning from the year 2020 O b. $24,000 cash received by "A" Company for vacating its office space one year early . $24,000 payment by "A" Company for its December 2020 office rent O d. $24,000 payment by "A" Company to rent office space starting January 1, 2021
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