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Question 26 3 pts For the following event, identify the type of event as asset source (AS), asset use (AU), asset exchange (AX), or claims

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Question 26 3 pts For the following event, identify the type of event as asset source (AS), asset use (AU), asset exchange (AX), or claims exchange (CX). Also show the effect (I for increase, D for decrease, or N for no impact) on the components of the accounting equation. Remember that increase/Decrease (1/D) is a possible response. 26. Debited Rent Expense and credited Prepaid Rent. Event Type [Select) Assets Select 1 Liabilities I Select Common Stock [Select] Retained Earnings [ Select 1

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