Accountancy, asked by muhammadfayisfari425, 2 months ago

rent of the buildings what is journal entry

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Answered by jkour0751

Answer:

The initial journal entry for prepaid rent is a debit to prepaid rent and a credit to cash. These are both asset accounts and do not increase or decrease a company's balance sheet.

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rent of the buildings what is journal entry​

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rent of the buildings what is journal entry