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Business, 11.04.2020 01:33 Ellafrederick

The CHS Company paid $90,000 cash to its landlord on November 1, 2019 for rent covering the six-month period from November 1, 2019 through April 30, 2020. The books are adjusted only at year-end. Which of the following does not correctly describe the effect on CHS Company's financial statements of the December 31, 2019 adjusting entry?

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The CHS Company paid $90,000 cash to its landlord on November 1, 2019 for rent covering the six-mont...
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