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Acme Fireworks paid rent for the calendar year 2018 on January 1, 2018 of $24,000. On January 31, Acme Fireworks recorded adjusting entries to reflect

Acme Fireworks paid rent for the calendar year 2018 on January 1, 2018 of $24,000. On January 31, Acme Fireworks recorded adjusting entries to reflect rent expense of $2,000. What is the impact of the adjusting entries on Acme Fireworks' accounting equation

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