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A business prepays four months' office rent. Which of the following accounts is debited? ...

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Question

Accounting

A business prepays four months' office rent. Which of the following accounts is debited?
A) Unearned Rent
B) Prepaid Rent
C) Rent Expense
D) Cash
A business borrows cash by signing a note payable. Which of the following accounts is
debited?
A) Notes Payable
B) Cash
C) Accounts Payable
D) Notes Receivable
Which of the following accounts decreases with a debit?
A) Accounts Receivable
B) Cash
C) Notes Payable
D) Rent Expense
Which of the following accounts decreases with a credit?
A) Accounts Payable
B) Cash
C) Notes Payable
D) Common Stock
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