Question: On December 1, 2014, Design Security Systems paid $ 9,000 for store rent covering the three-month period ending February 28, 2015. Requirements 1. Journalize the

On December 1, 2014, Design Security Systems paid $ 9,000 for store rent covering the three-month period ending February 28, 2015.


Requirements

1. Journalize the entry on December 1 by using the alternative treatment of prepaid expenses.

2. Record the December 31 adjusting entry.


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