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On November 1, 2019, Two Sisters Company pays $36,000 cash for six months rent and debits prepaid rent at the time of the payment.

On November 1, 2019, Two Sisters Company pays $36,000 cash for six months rent and debits prepaid rent at the time of the payment. The amount of the adjusting entry on December 31, 2019, would be: OA. $6,000 B. $0 OC. $12,000 D. $24,000

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