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S-F:3-6 Journalizing and posting adjusting entries for prepaid rent (Learning Objective 3) On September 1, Big Fan of Toledo prepaid six months of rent, $3,300.

S-F:3-6 Journalizing and posting adjusting entries for prepaid rent (Learning Objective 3) On September 1, Big Fan of Toledo prepaid six months of rent, $3,300. Requirements Record the journal entry for the September 1 payment. Record the adjusting entry required at September 30. Using T-accounts, post the journal entry and adjusting entry to the accounts involved and show their balances at September 30. (Ignore the (ash account.)

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