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On January 1 of the current year, Jepetto Company paid $2,700 in rent to cover six months (January-June). Jepetto recorded this transaction as follows:
On January 1 of the current year, Jepetto Company paid $2,700 in rent to cover six months (January-June). Jepetto recorded this transaction as follows: (Click the icon to view the journal entry.) Jepetto adjusts the accounts at the end of each month. Jepetto's adjusting entry at the end of February should include a debit to Rent Expense in the amount of A. $0. B. $900. C. $1,800. O D. $450. Data table Journal Entry Date Accounts Debit Credit Jan 1 Prepaid Rent 2,700 Cash 2,700 Print Done
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