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The Hartman Dental Corporation Prepays the Rent on Its Dental

Question 10

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The Hartman Dental Corporation prepays the rent on its dental office. On July 1, the corporation paid $18,000 for 6 months of rent. The rent period begins on July 1. How much Rent Expense should the corporation record for the three months ended September 30 under the accrual basis? Why?

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