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    Accounting Principles Study Set 3
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    Exam 3: Adjusting the Accounts
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    If Business Pays Rent in Advance and Debits a Prepaid
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If Business Pays Rent in Advance and Debits a Prepaid

Question 195

Question 195

Multiple Choice

If business pays rent in advance and debits a Prepaid Rent account, the company receiving the rent payment will credit


A) cash.
B) prepaid rent.
C) unearned rent revenue.
D) accrued rent revenue.

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