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Samarytthe Sleepy Monk Coffee Shop paid $13,500 for a full year of rent beginning on January 1. The rent payment was appropriately recorded in the
Samarytthe Sleepy Monk Coffee Shop paid $13,500 for a full year of rent beginning on January 1. The rent payment was appropriately recorded in the Ca pad Rent accounts financial statements are prepared on January 31, the journal entry to record the adjustment would be: Debt Rent Expense and credit Prepaid Rent for $13.500 Debrecedent and credit Rent Expense for $1125 Debrand et Rent Expense for $13.500 Det endret Prepaid Rent for $25
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