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Prepaid rent has a balance of $6,000 that was paid on July 1st for 6 months of rent.The date is now August 31st.What should the
Prepaid rent has a balance of $6,000 that was paid on July 1st for 6 months of rent.The date is now August 31st.What should the adjusting journal entry be to correct the prepaid rent balance?
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