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Assume that on September 1, 2013, a 6-month rent payment for $3,000 per month (for a total of $18,000) was made with respect to a

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Assume that on September 1, 2013, a 6-month rent payment for $3,000 per month (for a total of $18,000) was made with respect to a commercial lease that the company entered into on that date as a tenant. The company took occupancy of the rented space immediately. The lease term will expire on February 28, 2014. The $18,000 payment was recorded as a debit to Prepaid Rent on September 1, 2013. The adjusting entry on December 31, 2013, is as follows: Dr. Prepaid Rent 6,000 Dr. Rent Expense 6,000 Dr. Prepaid Rent 12,000 Rent Expense 12,000 Dr. Rent Expense 6,000 C r Prepaid Rent 6,000 Dr. Rent Expense 12,000 Cr. Prepaid Rent 12,000 Option A Option B Option C Option D

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