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Describe the two main types of adjusting entries (deferrals and accruals). If a company were to pay for its RENT for it's corporate office 3

Describe the two main types of adjusting entries (deferrals and accruals). If a company were to pay for its RENT for it's corporate office 3 months in advance, what type of entry would that be and why? 




You should provide an example entry of what?

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