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Testgen questions still do not copy to other applications.On September 1, 2018, Real Estate Professionals Company paid $5000 in advance for an eight-month rental space

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Testgen questions still do not copy to other applications.On September 1, 2018, Real Estate Professionals Company paid $5000 in advance for an eight-month rental space covering the period of September 1, 2018 through April 30, 2019. The deferred expense was initially recorded as an asset. The company makes adjusting entries once a year at year-end. The adjusting entry on December 31, 2018 would include a a. credit of $2500 to Rent Expense b. debit of $5000 to Cash c. debit of $2500 to Rent Expense d.credit of $5000 to Prepaid Rent

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