The Mickey company closes the financial book each year at the end of December. On...
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Accounting
The Mickey company closes the financial book each year at the end of December. On September 1, Prepaid Rent was debited for $3,000 for one year of rent, paid in advance. The adjusting entry on December 31 will involve a:
Question 4 options:
a. debit to Rent Payable for $2,000
b. debit to Rent Expense for $2,000
c. debit to Rent Expense for $1,000
d. debit to Rent Payable for $1,000
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