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Accumulated depreciation : 5,000 4. (0.5 point each) Prepare the Adjusting Journal Entries (AJEs) that should be made on December 31, 2015, the end of

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Accumulated depreciation : 5,000 4. (0.5 point each) Prepare the Adjusting Journal Entries (AJEs) that should be made on December 31, 2015, the end of the accounting year, for each of the following independent situations. If no AJE is required, indicate none." Assume the firm only makes AJEs at the end of the accounting year On August 1, 2015, the firm collected $6,000 of rent for 3 months in advance. The journal entry to record the receipt included a credit to a temporary account.. a. b. On May 1, 2015, the firm collected $12,000 of rent for 12 months in advance. The journal entry to record the receipt included a credit to a balance sheet account. c. On October 31, 2015, the firm collected $6,000 of rent for 6 months in advance The journal entry to record the receipt included a credit to an income statement account On June 30, 2015, the firm collected $4,000 of rent for 4 months in advance. The journal entry to record the receipt included a credit to a permanent account. d

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