1 answer

Jan 1. The salon rented a place that cost 12,000 annually to start the business. The...

Question:

Jan 1. The salon rented a place that cost 12,000 annually to start the business. The full payment due in Dec. 31, 2020.
How will be recording the transaction in Jan 31. ??

Answers

Date General Journal Debit Credit
$ $
Jan 31, 2020 Rent Expense 1,000
Accounts Payable 1,000
.

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