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Posted on Jun 28, 2024

On September 1, 2018, Real Estate Professionals Company paid $5,000 in advance for an eightdash -month rental space covering the period of September 1, 2018

On September 1, 2018, Real Estate Professionals Company paid $5,000 in advance for an eightdash

-month rental space covering the period of September 1, 2018 through April 30, 2019. The deferred expense was initially recorded as an asset. The company makes adjusting entries once a year at yeardash

-end. The adjusting entry on December 31, 2018 would include a ________

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