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What account and amount should you debit

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Question - Bravo pays warehouse rent in advance at the beginning of each quarter. The beginning balance of Prepaid Rent account on August 1, 2016 was $1,800.

Use this information to prepare the General Journal entry (without explanation) for the required end of the month adjustment on 8/31.

1) What account(s)/amount(s) should you debit?

2) What account(s)/amount(s) should you credit?

Reference no: EM132750650

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