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On January 1, Power House Co. prepaid the annual rent of $20,200. Prepare the journal entry to record this transaction. If an amount box does

On January 1, Power House Co. prepaid the annual rent of $20,200. Prepare the journal entry to record this transaction. If an amount box does not require an entry, leave it blank. Jan. 1 Accounts Payable Cash Prepaid Rent Rent Expense Rent Revenue

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