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Old 04-01-2008, 11:09 PM   #2 (permalink)
boolean
 
Status: Getting feet wet
Join Date: Mar 2008
Location: Florida
Posts: 23
boolean will become famous soon enough
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You would credit the rent payable account and debit the rent expense account. You can't touch the cash account unless real cash transaction has occured. When the bill is paid, you cr cash and dr rent payable.
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