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Journal entry requirements: 1. Record the purchase of rental space for one year in advance, $12,000 ($1,000/month). 2.Record the purchase of additional supplies on account,

Journal entry requirements: 1. Record the purchase of rental space for one year in advance, $12,000 ($1,000/month). 2.Record the purchase of additional supplies on account, $5,500. 3. Record the pro...

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