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On January 1, Power House Co. prepaid the annual rent of $10,140. Prepare the journal entry to record this transaction. Jan. 1 accounts payable, cash,

On January 1, Power House Co. prepaid the annual rent of $10,140. Prepare the journal entry to record this transaction.

Jan. 1

accounts payable, cash, prepaid rent, rent expense, rent revenue for each one and how much ?

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