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The Billet Doux Gift Shop paid $36,000 in cash on July 1, Year 1 for three-year rental of expanded warehouse space. After Billet Doux recognizes

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The Billet Doux Gift Shop paid $36,000 in cash on July 1, Year 1 for three-year rental of expanded warehouse space. After Billet Doux recognizes Rent Expense for Year 1, the balance in the Prepaid Rent account will be: $ 6,000 $24,000 $36,000 $30,000

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