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How much is the payment made by the Company

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Question - On December 31, 2019, an adjusting entry was made for two-year prepaid rent paid last May 31, 2019. How much is the payment made by the Company if the year-end adjusting entry recorded was: Dr. Rent Expense, P42,000 and Cr. Prepaid Rent, P42,000?

P144,000

P168,000

P72,000

P84,000

Reference no: EM132546043

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