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On December 1 of the current year, Prepaid Rent was debited $7,800 for three months of rent, to cover the period December 1 to
On December 1 of the current year, Prepaid Rent was debited $7,800 for three months of rent, to cover the period December 1 to February 28. The amount of the adjusting entry on December 31 is: A. $0. B. $2,600. C. $7,800. D. $5,200.
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