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Which accounting head will include advance rent paid

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Reference no: EM132698626

Problem 1: Julia runs a salon from a rented premise. In the month of June, she paid $6,000 as advance rent for the premise for a period of six months. Under which accounting head will she include this advance rent paid?

Problem 2: Kelly paid salary to her employees at the end of the month. What will be the journal entry for the given financial transaction?

Reference no: EM132698626

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