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On April 1 the ABC Inc. paid $20,400 to Acme Realty for 12 months Rent...

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Accounting

On April 1 the ABC Inc. paid $20,400 to Acme Realty for 12 months Rent beginning May 1. The company did the correct recording on April 1. If financial statements are prepared on December 31st, the rent expense for the year is:

A 20400

B 13600

C 15300

D 11900

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