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    Principles of Financial Accounting Study Set 1
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    Exam 3: Adjusting the Accounts
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    If an Expense Account Is Debited When the Payment for a Prepaid
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If an Expense Account Is Debited When the Payment for a Prepaid

Question 80

Question 80

True/False

If an Expense account is debited when the payment for a prepaid expense is made, no adjusting entry is required.

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