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Question 9 2 pts On August 1st, Shiva, Inc. paid $27,600 to Landlord Realty for 12 months rent beginning on October 1st. The company
Question 9 2 pts On August 1st, Shiva, Inc. paid $27,600 to Landlord Realty for 12 months rent beginning on October 1st. The company did the correct recording on August 1st. If financial statements are prepared on December 31st, the adjusting journal entry (AJE) to be made by Shiva is: O increase Rent Expense $27,600, Decrease PrePaid Rent $27,600 O Increase Rent Expense $6,900, Decrease PrePaid Rent $6,900 O Increase Rent Expense $27,600, Decrease Cash $27,600 O Increase Rent Expense $9,200, Decrease PrePaid Rent $9,200
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