On May 1, Boyz Security Services rented office space and paid two month's rent in advance in the amount of P8.000. The entry would be debit to prepaid rent, P8,000; credit to cash, P8,000. debit to...


On May 1, Boyz Security Services<br>rented office space and paid two<br>month's rent in advance in the<br>amount of P8.000. The entry would<br>be<br>debit to prepaid rent, P8,000; credit to cash,<br>P8,000.<br>debit to expenses rent, P8,000; credit to<br>cash, P8,000.<br>debit to prepaid rent, P8,000; credit to<br>accounts payable, P8,000.<br>debit to expenses rent, P8.000; credit to<br>accounts payable, PB,000.<br>

Extracted text: On May 1, Boyz Security Services rented office space and paid two month's rent in advance in the amount of P8.000. The entry would be debit to prepaid rent, P8,000; credit to cash, P8,000. debit to expenses rent, P8,000; credit to cash, P8,000. debit to prepaid rent, P8,000; credit to accounts payable, P8,000. debit to expenses rent, P8.000; credit to accounts payable, PB,000.

Jun 09, 2022
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