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tion 10 et XYZ Co paid cash of $6,000 on 1/9/2020 for one year, rent in advance and recorded the transaction with debit to prepaid
tion 10 et XYZ Co paid cash of $6,000 on 1/9/2020 for one year, rent in advance and recorded the transaction with debit to prepaid Rent expenses. The 31/12/ 2020 adjusting entry is ered ed out of lag question Select one: a. Debit Rent expense and credit prepaid Rent expense, $4,000 b. Debit Rent expense and credit prepaid Rent expenses, $2,000 c. Credit Cash and debit Rent expense, $2,000 d. Debit prepaid Rent expenses and credit Rent expenses, $2,000
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