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April 19, 2014

Homework Help: Financial Accounting

Posted by Anonymous on Thursday, April 25, 2013 at 8:16am.

Hobbs Company started the year with $6,000 of prepaid rent. Hobbs paid additional rent in advance amounting the $12,000. The rent expense for the year was $15,000. What was the balance in prepaid rent on the year-end balance sheet?

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