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If on January 1 of this year, a company paid $12,000 rent for one year and adjusting entries are made at the end of each
If on January 1 of this year, a company paid $12,000 rent for one year and adjusting entries are made at the end of each month, the balance of Prepaid Rent at December 1 of this year should be $1,000.
true or false?
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