Prepare the journal entry for the payment on March

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Reference no: EM132913027

Problem - On March 31, Dayton Corporation prepaid 6 months of rent in the amount of $4,800 covering the months of April to September.

Required -

A. Prepare the journal entry for the payment on March 31.

B. Prepare the adjusting journal entry required on April 30.

Reference no: EM132913027

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