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Question 27 (1 point) On October 25, 20X1, the company paid $33,600 rent in advance for the six-month period November 20X1 through April 20X2. On
Question 27 (1 point) On October 25, 20X1, the company paid $33,600 rent in advance for the six-month period November 20X1 through April 20X2. On December 31, 20X1, the adjustment for expired rent would include: a $11,200 debit to Rent Expense. a $33,600 credit to Cash. a $11,200 credit to Rent Expense. a $5,600 credit to Prepaid Rent.
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