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Suppose a company rents office space for one year, paying $27,000 ($2,250/month) in advance on September 1. Record the adjusting entry on December 31. (If

Suppose a company rents office space for one year, paying $27,000 ($2,250/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.)

Journal Entry Worksheet

Record the adjusting entry on December 31.

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