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Record a journal entry dated July 31, 2026, to allocate the July portion ($550 plus hst) of the rent to the Rent or lease payments
Record a journal entry dated July 31, 2026, to allocate the July portion ($550 plus hst) of the rent to the Rent or lease payments expense account and make it recurring for the next five months to December 31, 2026.Hint: You can use the preexisting recurring transaction for rent you already had, that expired, then edit it for the new period.
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