Based on the debits and credits shown below, what is the new ending balance for the...
Based on the debits and credits shown below, what is the new ending balance for the Prepaid Rent account?
| Prepaid Rent | |
| Debit | Credit |
| $14,000 | $4,000 |
| 7,000 | 2,000 |
| 2,000 | 4,000 |
Homework Answers
Prepaid Rent
| Sl.No | Debit | Credit |
| 1 | $14,000 | $ 4,000 |
| 2 | $ 7,000 | $ 2,000 |
| 3 | $. 2,000 | $ 4,000 |
| Total | $23,000 | $ 10,000 |
The new ending balance for Prepaid Rent ($23,000-$10,000) = $13,000
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Based on the debits and credits shown below, what is the new
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