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A one-year store rental lease was signed on March 1 for $1,000 per month, and rent for the first 2 months was paid in advance.

A one-year store rental lease was signed on March 1 for $1,000 per month, and rent for the first 2 months was paid in advance. [Note: Record the complete entry for the March 1 transaction first, and the complete March 31 adjusting entry second.] Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount:

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