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On July 1, Alpha Company Prepaid Rent for a Small

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On July 1, Alpha Company prepaid rent for a small equipment storage area. They paid $12,000 to rent the area for the period of July 1 through the end of the year. Please provide the journal entry needed on July 1 when the payment is made.
On July 1, Alpha Company prepaid rent for a small equipment storage area. They paid $12,000 to rent the area for the period of July 1 through the end of the year. Please provide the journal entry needed on July 1 when the payment is made.


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