A store was rented for 550 per month a lease was signed for

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A store was rented for $550 per month. A lease was signed for one year on March 1. Rent for the first 3 months was paid in advance. [Note: Record the March 1 transaction first and the March 31 adjustment second.]

Tell what accounts are affected in order, and by how much (values can be positive or negative). The answer choices are Cash, accounts receivable, inventory, prepaid rent, fixtures and equipment, accounts payable, interest payable, wages payable, notes payable, paid-in capital, retained earnings, leave blank. Some choices may show up more than once.

Reference no: EM13578668

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A store was rented for 550 per month a lease was signed for : a store was rented for 550 per month. a lease was signed for one year on march 1. rent for the first 3 months was paid

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