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The Pediatric Dental Company Prepays the Rent on Its Dental

Question 5

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

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Pediatric Dental should report...

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