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Performed counseling services for $18,000 cash.On February 1, 2014, paid $12,000 cash to rent office space for the coming year.
1.Performed counseling services for $18,000 cash.
2.On February 1, 2014, paid $12,000 cash to rent office space for the coming year.
3.Adjusted the accounts to reflect the amount of rent used during the year.
.Prepare a balance sheet for the 2014 accounting period.(Do not round intermediate calculations.)
Prepaid rent?