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On January 1 of the current year, Aladdin Company paid $900 rent to cover six months (January through June). Aladdin recorded this transaction as follows:

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On January 1 of the current year, Aladdin Company paid $900 rent to cover six months (January through June). Aladdin recorded this transaction as follows: Journal Entry Debit Accounts Credit Date Jan 1 Prepaid Rent 900 Cash 900 Aladdin's adjusting entry at the end of February included a debit to Rent Expense in the amount of $150. What effect does the adjusting entry have on Naddin's net income for February? O A. decrease by $300 OB. decrease by $150 O C. increase by $150 OD. increase by $300 Click to select your answer Typm re to search

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