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On January 1 of the current year, Aladdin Company paid $1,500 in rent to cover six months (January - June). Aladdin recorded this transaction as

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On January 1 of the current year, Aladdin Company paid $1,500 in rent to cover six months (January - June). Aladdin recorded this transaction as follows: B! (Click the icon to view the journal entry) Aladdin adjusts the accounts at the end of each month. Aladdin's adjusting entry at the end of February should include a debit to Rent Expense in the amount of * Data Table - X O A $500 OB. 50 OC. $250 OD. $1,000 Journal Entry Date Credit Debit 1,500 Jan Accounts 1 Prepaid Rent Cash 1,500 Print Done

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