Multiple Choice
When a company pays cash in advance for rent that is to be used over the next two years,the company records a debit to ______ and a credit to ______:
Prepaid
A) Rent; Cash Rent
B) Expense; Cash
C) Cash; Prepaid Rent
D) Prepaid Rent; Accounts Receivable
Correct Answer:
Verified
Correct Answer:
Verified
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