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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
life inc experienced the following events in 2016, its first year of operation
1. performed counseling services for 36,000 cash
2. on February 1, 2016 paid 18,000 cash to rent office space for the coming year.
3. adjusted the accounts to reflect the amount of rent used during the year
based on the information alone
a. record the events under an accounting equation
b. prepare an income statement, balance sheet, and statement of cash flows for the 2016 accounting period.
c. ignoring all other future events, what is the amount of rent expense that would be recognized in 2017?
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