J) The company Risk Inc. paid, on December 1, X2, $12,000 for security services...
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Accounting
J)
The company Risk Inc. paid, on December 1, X2, $12,000 for security services covering a period of 4 months from December 1, X2. The entire amount in question has been recorded by the accountant in the Miscellaneous Charges account.
From this information, indicate the amount that must be presented as Prepaid Expenses to the FHT on December 31 X2.
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