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On January 1, Power House Co. prepaid the annual rent of $23,400. Required: Prepare the journal entry to record this transaction on January 1. Refer

On January 1, Power House Co. prepaid the annual rent of $23,400.

Required:

Prepare the journal entry to record this transaction on January 1. Refer to the Chart of Accounts for exact wording of account titles.

image text in transcribedimage text in transcribed
Prepare the journal entry to record this transaction on January 1. Refer to the Chart of Accounts for exact wording of account titles PAGE 1 JOURNAL DATE DESCRIPTION POST. REF DEBIT CREDIT

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