Multiple Choice
Hank's Tax Planning Service started business in January, 2014. He rented an office for $1,800 a month starting January 1. On January 1, he prepaid the rentals through June 30. He makes accrual adjustments monthly. What is the balance in the Prepaid Rent account as of April 30?
A) $3,600
B) $300
C) $1,800
D) $900
Correct Answer:
Verified
Correct Answer:
Verified
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