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Janno Enterprises prepaid eight months of office rent totaling $8,500 on October 1 of the current year. The rent period begins on October 1. Assuming

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Janno Enterprises prepaid eight months of office rent totaling $8,500 on October 1 of the current year. The rent period begins on October 1. Assuming Janno records deferred expenses using the alternative treatment, what would be the adjusting entry recorded on December 31 of the current year? A. Debit Prepaid Rent and credit Rent Expense for $5,313 B. Debit Prepaid Rent and credit Rent Expense for $5,100. C. Debit Rent Expense and credit Prepaid Rent for $3,188. D. No entry is needed since Rent Expense was recorded on October

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