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On October 1 , the current year, a company paid $ 9 , 0 0 0 rent in advance. The rent per month is $
On October the current year, a company paid $ rent in advance. The rent per month is $ Assuming the company's accounting period ends on December the current year, what will be reported on the financial statements?
a Prepaid Rent of $ on its balance sheet on December the current year
b Rent Expense of $ on its current year income statement
c Rent Revenue of $ on its current year income statement
d Prepaid Rent of $ on its balance sheet on December the current year
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