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On November 1, Duane paid $24,000 in advance for a year's rent. The November 30 adjusting entry for rent expense should include a: debit Rent

On November 1, Duane paid $24,000 in advance for a year's rent. The November 30 adjusting entry for rent expense should include a: debit Rent Expense, $24,000 credit Prepaid Rent Expense, \$24,000. debit Rent Expense \$2,000 credit Cash. $2,000

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