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Use the following information to answer the four questions that follo On June 1, 2019, KA Company paid $12,000 to lease office space for the
Use the following information to answer the four questions that follo On June 1, 2019, KA Company paid $12,000 to lease office space for the next twelve months. KA Company debited a permanent account on April 1 when the cash was paid. KA Company adjusts its books on December 31 each year. 24. The journal entry on April 1,2019 would include a debit to which account? a. Accounts Payable b. Cash c. Prepaid Rent d. Retained Earnings e. Rent Expense 25. The adjusting journal entry on December 31,2019 would include a debit to which account? a. Accounts Payable b. Cash c. Prepaid Rent d. Retained Earnings e. Rent Expense 26. The adjusting journal entry on December 31,2019 would include a credit to which account? a. Accounts Payable b. Caslh c. Prepaid Rent d. Retained Earnings e. Rent Expense 27. The amount of the adjusting journal entry on December 31,2019 is
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