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Mathematics, 06.01.2021 02:50 lariahsanchez

Which of the following is the correct journal entry if Bargain Boots received their monthly $500 rent bill, which will be paid later?
A. Debit: Accounts Payable ($500); Credit: Rent Expense ($500)
B. Debit: Cash ($500); Credit: Rent Expense (5500)
C. Debit: Rent Expense ($500); Credit: Accounts Payable ($500)
O D. Debit: Rent Expense ($500); Credit: Cash ($500)

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