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1515 X company prepares monthly financial statements. It rents space in a large office complex . On May 1, it paid rent for May and

1515
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X company prepares monthly financial statements. It rents space in a large office complex . On May 1, it paid rent for May and June. The accountant made the proper entry on May 1 but failed to make the proper adjusting entry on May 31. What was the effect on the May financial statements

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