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Prepare any necessary journal entries for 2020, including adjusting entries. On 1/1/20, Acme Bakery entered into a 2-year rental agreement. They paid $24,000 on 1/1/20

Prepare any necessary journal entries for 2020, including adjusting entries.

  1. On 1/1/20, Acme Bakery entered into a 2-year rental agreement. They paid $24,000 on 1/1/20 for the 2-year lease.

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