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Following a pick-up basketball game between high school students,Rod approaches Kevin and accuses him of dirty play.Kevin tells Rod,"You're just a no talent sore loser." Rod responds by shoving Kevin to the ground.Kevin is not hurt.Rod has committed:
Rent Expense
The cost incurred for using a property or equipment that is not owned by the company, typically charged on a periodic basis.
Adjusting Entry
A journal entry made in the accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.
Supplies Used
The cost of materials and supplies consumed during an accounting period in the course of operations.
Supplies Account
An account used in accounting to track the cost of supplies spent over a specific period.
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