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On December 31, the accounting records of Waldman Company contain the following items (in random order): Accounts Payable $8,000 Land 120,000 Common Stock 132,000 Building
On December 31, the accounting records of Waldman Company contain the following items (in
random order):
Accounts Payable $8,000
Land 120,000
Common Stock 132,000
Building 84,000
Accounts Receivable 20,000
Notes Payable 94,000
Retained Earnings 84,000
Equipment 60,000
Prepaid Rent ?
Determine the amount of Prepaid Rent.
A. $318,000.
B. $154,000.
C. $ 34,000.
D. $ 74,000.
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