On April 1 your company prepaid six months of rent, $4,800. Requirements 1. Prepare the journal entry

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On April 1 your company prepaid six months of rent, $4,800.
Requirements
1. Prepare the journal entry for the April 1 payment.
2. Prepare the adjusting entry required at April 30.
3. Post to the two accounts involved and show their balances at April 30.

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Financial and Managerial Accounting

ISBN: 978-0132497978

3rd Edition

Authors: Horngren, Harrison, Oliver

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