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

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

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. ??

business accounting

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Answer 1

Answer #1

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

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Answer 2

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