On April 1 your company prepaid six months of rent, $4,800.Requirements1. Prepare the journal entry.

On April 1 your company prepaid six months of rent, $4,800.Requirements1. Prepare the journal entry for the April 1 payment.2. Prepare the adjusting entry required at April 30.3. Post to the two accounts involved and show their balances at April 30.View Solution:
On April 1 your company prepaid six months of rent

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