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Suppose Hoosiers, a specialty clothing store, rents space at a local mall for one year, paying $24,000 ($2,000/month) in advance on October 1. Record the

Suppose Hoosiers, a specialty clothing store, rents space at a local mall for one year, paying $24,000 ($2,000/month) in advance on October 1. Record the adjusting entry for rent used during the period

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