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On January 1 of the current year, Bambi Company paid $1,200 in rent to cover six months (January-June). Bambi recorded this transaction as follows:
On January 1 of the current year, Bambi Company paid $1,200 in rent to cover six months (January-June). Bambi recorded this transaction as follows: (Click the icon to view the journal entry.) Bambiadjusts the accounts at the end of each month. Bambiadjusting entry at the end of February should include a debit to Rent Expense in the amount of A. $0. B. $400. OC. $800. OD. $200. Data table Date Jan 1 Prepaid Rent Cash Journal Entry Accounts Debit Credit 1,200 1,200 Print Done - X
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