Multiple Choice
Gracie, Inc. made a prepaid rent payment of $2,800 on January 1. The company's monthly rent is $700. The amount of prepaid rent that would appear on the January 31 balance sheet after adjustment is
A) $2,100
B) $700
C) $2,800
D) $1,400
Correct Answer:
Verified
Correct Answer:
Verified
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