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On August 3 the company paid rent for months August, September, October, November and December of $1,000 for each month, i.e. paid $5,000 in total.

On August 3 the company paid rent for months August, September, October, November and December of $1,000 for each month, i.e. paid $5,000 in total. Required: Prepare the adjusting entries needed at August 31, 2017

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