Short Answer
Provide an explanation for the following journal entries:
a) Prepaid Rent debited, Cash credited
b) Office supplies debited, Cash credited
c) Cash debited, Capital credited
d) Utility expense debited, Cash credited
e) Accounts Payable debited, Cash credited
Correct Answer:
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a) Paid rent in advance
b) Pai...View Answer
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Correct Answer:
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b) Pai...
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