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A company shows a $300 balance in Prepaid rent in the Unadjusted Trial Balance columns of the worksheet. The Adjustments columns show used rent
A company shows a $300 balance in Prepaid rent in the Unadjusted Trial Balance columns of the worksheet. The Adjustments columns show used rent of $150. This adjusting entry results in: O $150 difference between the debit and credit columns of the Unadjusted Trial Balance. O $150 increase in net income. $150 of prepaid insurance. O $150 decrease in net income.
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