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Suppose a company rents office space for one year, paying $36,000 (S3,000/month) in advance on September 1. Record the adjusting entry on December 31. (If

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Suppose a company rents office space for one year, paying $36,000 (S3,000/month) in advance on September 1. Record the adjusting entry on December 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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