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15-02-2024
Business

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Sheridan Corporation paid cash of $135000 on June 1, 2025 for one year's rent in advance and recorded the transaction with a debit to Prepaid Rent. The December 31, 2025 adust a. debit Rent Expense. What did Sheridan Corporation do on June 1, 2025?
a. Paid cash of $135000 for one year's rent in advance
b. Recorded the transaction with a debit to Prepaid Rent
c. Paid cash of $135000 on December 31, 2025
d. Recorded the transaction with a debit to Rent Expense

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