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On June 1, 2017, a cheque in the amount of $5,160 was issued for a two-year subscription to a trade publication starting on June 1,
On June 1, 2017, a cheque in the amount of $5,160 was issued for a two-year subscription to a trade publication starting on June 1, 2017. The amount was charged to Operating Expenses.
dr prepaid expense...
cr operating expense
how to record the number?
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
11th Canadian edition Volume 1
1119048532, 978-1119048534
