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You started the year with a beginning balance in Prepaid Rent of $4,000. You paid 13 months of rent of $26,000. Record the journal entry.
You started the year with a beginning balance in Prepaid Rent of $4,000. You paid 13 months of rent of $26,000. Record the journal entry. You started the year with a beginning balance in Prepaid Rent of $1,000. You paid 8 months rent of $8,000. Record the journal entry. You started the year with $8,000 in Wages Payable. You paid $60,000 to your worker. You owed her $6,000 at the end of the year. Record the journal entries.
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