Question: Based on the debits and credits shown below, what is the new ending balance for the Prepaid Rent account? Prepaid Rent Debit Credit $14,000 $4,000

Based on the debits and credits shown below, what is the new ending balance for the Prepaid Rent account?

Prepaid Rent
Debit Credit
$14,000 $4,000
7,000 2,000
2,000 4,000

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