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ABC Corporation paid cash of $8,265 on the last day of the 10th month of 2020 for two years rent in advance and recorded the

ABC Corporation paid cash of $8,265 on the last day of the 10th month of 2020 for two years rent in advance and recorded the transaction with a debit to Prepaid Rent. How much would total assets be reduced after the December 31, 2020 the adjusting entry?

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