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On January 1st, Company X pays its rent for the year in advance for $24,000. It is now December 31st of the same year. Which

On January 1st, Company X pays its rent for the year in advance for $24,000. It is now December 31st of the same year. Which of the following involve a correct line of the journal entry associated with the adjusting entry for the month of December? (check all that apply) Group of answer choices

-Dr. Rent Expense $2,000

-Cr. Cash $24,000

-Cr. Prepaid Rent $2,000

-Cr. Contra Asset Account $2,000

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