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On March 1st, 2019, ROK paid $48,000 of rent in advance for a year. What is the prepaid lease balance as at November 30th 2019?

On March 1st, 2019, ROK paid $48,000 of rent in advance for a year. What is the prepaid lease balance as at November 30th 2019? Show the necessary journal entries and fill out the T-accounts for the prepaid asset.

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