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On September 1, 2018, Real Estate Professionals, Inc. paid $6,000 in advance for an eightmonth rental space covering the period of September 1, 2018 through

On September 1, 2018, Real Estate Professionals, Inc. paid

$6,000

in advance for an

eightmonth

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

yearend.

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

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