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    Exam 3: The Adjusting Process
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    What Type of Account Is Prepaid Rent and What Is
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What Type of Account Is Prepaid Rent and What Is

Question 48

Question 48

Multiple Choice

What type of account is Prepaid Rent and what is its normal balance?


A) expense and debit
B) liability and credit
C) revenue and credit
D) asset and debit

Correct Answer:

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