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Laguna Company Paid $16,000 for January, February, March, and April

Question 141

Multiple Choice

Laguna Company paid $16,000 for January, February, March, and April rent in advance.The balance in the Prepaid Rent account as of January 31 is: _____.


A) $-0-
B) $4,000
C) $12,000
D) $16,000

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