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The company repays a loan to a bank. The debit should be: The credit should be: The company pays for current month's rent. The debit
The company repays a loan to a bank. The debit should be: The credit should be: The company pays for current month's rent. The debit should be: The credit should be: The company pays employee for work performed during the month. (Hint: The expense account for employee work is called Salaries Expense.) The debit should be: The credit should be: The company pays for a year of rent in advance. The debit should be: The credit should be
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