A firm owns a billboard and rents it out. The cost to rent a billboard is $6,000 for the full year and the full cash

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A firm owns a billboard and rents it out. The cost to rent a billboard is $6,000 for the full year and the full cash payment takes place at the end of the year. Populate the template for the adjusting entry on March 31 for the firm that owns and rents out the billboard

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