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On April 1 2020 the Dogs Limited rented out part of its property and was paid $24,000 in advance for a 12 month period. The

On April 1 2020 the Dogs Limited rented out part of its property and was paid $24,000 in advance for a 12 month period. The receipt was credited to a liability account.
At December 31 2020, Cows Limited's financial year end, which of the following adjusting entries should be made?

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