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S38 On April 1, 2020, you prepaid three months of rent for a total of $18,000. Give your adjusting entry to record rent expense at
S38 On April 1, 2020, you prepaid three months of rent for a total of $18,000. Give your adjusting entry to record rent expense at April 30, 2020. Include the date of the entry and an explanation. Then, using T-accounts, post to the two accounts involved and show their balances at April 30, 2020.
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