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Describe why Becky journal entry is wrong

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Question - Becky Badger is the CFO of Abbott Lamp Corporation, a manufacturer of lamps. Becky makes the following entry for factory rent:

Rent Expense $20,000

Cash $20,000

As a UWM MBA, please describe why Becky's journal entry is wrong and incorporate the matching principle in your answer.

Reference no: EM132719616

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