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When a company pays six months of rent in advance, which of the following would be recorded using cash-basis accounting? A. Debit to rent expense

When a company pays six months of rent in advance, which of the following would be recorded using cash-basis accounting?

A. Debit to rent expense

B. Debit to prepaid rent

C. Credit to rent payable

D. Two of the above are correct

E. No entry is necessary under the cash basis

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