Business
Business, 11.03.2020 01:29, pls391

On July 1 Olive Co. paid $7,500 cash for management services to be performed over a two-year period. Olive follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. On July 1 Olive should record:

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On July 1 Olive Co. paid $7,500 cash for management services to be performed over a two-year period....

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