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On January 1, 2016, Lorraine Company Paid a $32,000 Cash

Question 20

Multiple Choice

On January 1, 2016, Lorraine Company paid a $32,000 cash security deposit to rent office space.
Which of the following would be the correct journal entry to record this transaction?


A) On January 1, 2016, Lorraine Company paid a $32,000 cash security deposit to rent office space. Which of the following would be the correct journal entry to record this transaction? A) B) C) D)
B) On January 1, 2016, Lorraine Company paid a $32,000 cash security deposit to rent office space. Which of the following would be the correct journal entry to record this transaction? A) B) C) D)
C) On January 1, 2016, Lorraine Company paid a $32,000 cash security deposit to rent office space. Which of the following would be the correct journal entry to record this transaction? A) B) C) D)
D) On January 1, 2016, Lorraine Company paid a $32,000 cash security deposit to rent office space. Which of the following would be the correct journal entry to record this transaction? A) B) C) D)

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