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On January 1 of the current year, Chuy Company paid $ 2 , 7 0 0 in rent to cover six months ( January -
On January of the current year, Chuy Company paid $ in rent to cover six months January June Chuy recorded this transaction as follows:
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Chuy's adjusting entry at the end of February included a debit to Rent Expense in the amount of $ What effect does the adjusting entry have on Chuy's net income for February?
A Net income will increase by $
B Net income will increase by $
C Net income will decrease by $
D Net income will decrease by $
Data table
tableJournal EntryDateAccounts,Debit,CreditJantable Prepaid RentCash,,,
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