On March 1,2014,Nortons Inc.paid $60,000 as office rent covering the three-month period ending May 31,2014.Journalize the entry on March 1 by using the alternative treatment of prepaid expenses.

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The Answer of On March 1,2014,Nortons Inc.paid $60,000 as office rent covering the three-month period ending May 31,2014.Journalize the entry on March 1 by using the alternative treatment of prepaid expenses.