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Business, 05.03.2020 15:57 whiterm04

On December 31, the Human Bean Coffee Shop paid $31,500 for a full year of rent beginning on January 1. The rent payment was appropriately recorded in the Cash and Prepaid Rent accounts.
If financial statements are prepared on January 31, the journal entry to record the adjustment would be .

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On December 31, the Human Bean Coffee Shop paid $31,500 for a full year of rent beginning on January...
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