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1. On September 1, 20x3, Lyman Corp. made the annual rent payment of $9,000 for the period September 1, 20x3 to August 31, 20x4. Assuming
1. On September 1, 20x3, Lyman Corp. made the annual rent payment of $9,000 for the period September 1, 20x3 to August 31, 20x4. Assuming the entire amount had originally been debited to rent Expense, the required adjustment at December 31, 20x3 is:
A. debit Rent Expense and credit Prepaid Rent $6,000
B. debit Prepaid Rent and credit Rent Expense $6,000
C. debit Prepaid Rent and credit Rent Expense $9,000
D. debit Rent Expense and credit Prepaid Rent $9,000
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