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Which type of account is "Prepaid Rent"? a) Asset 6) Liability c) Revenue d) Expense

Which type of account is "Prepaid Rent"? a) Asset 6) Liability c) Revenue d) Expense

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter5: Closing Entries And The Post-closing Trial Balance
Section: Chapter Questions
Problem 5DQ: What is the purpose of the Income Summary account? How does it relate to the revenue and expense...
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Which type of account is "Prepaid Rent"? a) Asset 6) Liability c) Revenue d) Expense
Transcribed Image Text:Which type of account is "Prepaid Rent"? a) Asset 6) Liability c) Revenue d) Expense
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