If I Paid R12 000 Of Cash To A Real Estate Company Upon Signing A Lease On 31 De

If i paid R12 000 of cash to a real estate company upon signing a lease on 31 December 2005. The payment represents a R4 000 security deposit and R4 000 of rent for each of January 2006 and February 2006. Assuming that the correct accounting is to reflect both January and February rent as prepaid, what is the most likely effect on the company’s accounting equation in December 2005?

Connect with a professional writer in 5 simple steps

Please provide as many details about your writing struggle as possible

Academic level of your paper

Type of Paper

When is it due?

How many pages is this assigment?