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On October 1, Jordyn Solutions pays 3 months of rent in advance to its landlord. Which of the following statements regarding this transaction and its

On October 1, Jordyn Solutions pays 3 months of rent in advance to its landlord. Which of the following statements regarding this transaction and its impact on Jordyns financial statements is true?

Rent expense will be debited; cash will be credited.

Cash will be debited; rent expense will be credited.

Cash will be debited; prepaid rent will be credited.

Prepaid rent will be debited; cash will be credited.

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