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Please show work, thanks! Panda Corporation paid cash of $138,000 on August 31, 2014 for one year's rent in advance and recorded the transaction with

Please show work, thanks! Panda Corporation paid cash of $138,000 on August 31, 2014 for one year's rent in advance and recorded the transaction with a debit to Prepaid Rent. What is the debit part of the December 31, 2014 adjusting entry? (account name and amount)

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