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    Financial Accounting Study Set 11
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    Exam 3: Accrual Accounting Income
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    On December 1 of the Current Year,Prepaid Rent Was Debited
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On December 1 of the Current Year,Prepaid Rent Was Debited

Question 30

Question 30

Multiple Choice

On December 1 of the current year,Prepaid Rent was debited $10,200 for three months of rent,to cover the period December 1 to February 28.The amount of the adjusting entry on December 31 is:


A) $0.
B) $3,400.
C) $6,800.
D) $10,200.

Correct Answer:

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