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Park Corp Had a Beginning Balance in Its Prepaid Rent

Question 24

Multiple Choice

Park Corp had a beginning balance in its prepaid rent account of $10,000 and an ending balance of $7,500.Rent expense for the year was $12,000.How much cash did Park pay for rent during the year?


A) $14,500
B) $9,500
C) $12,000
D) $7,500

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