Journal entry for prepaid rent 15000
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Prepaid Rent A/c ... Dr. 15,000
To Cash A/c ... Cr. 15,000
(Being the prepaid rent paid)
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Journal Entry for Prepaid Rent is
Prepaid Rent A/c Dr... 15000
To Cash A/c Dr... 15000
We have paid the rent before its usual date in cash ... Rent is an expense so we have debited it and cash is going out so we have credited it
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