Which of the following entries would be recorded by a compan
Which of the following entries would be recorded by a company that uses the cash basis method of accounting?
A)
Cash 1,000
Accounts Receivable 1,000
B)
Salaries Expense 1,000
Salaries Payable 1,000
C)
Prepaid Rent 1,000
Cash 1,000
D)
Rent Expense 1,000
Cash 1,000
ANSWER
D
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