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[The following information applies to the questions displayed below.] On November 1, 2019, Wenger Co. paid its landlord $4,080 in cash as an advance rent
[The following information applies to the questions displayed below.] On November 1, 2019, Wenger Co. paid its landlord $4,080 in cash as an advance rent payment on its store location. The six-month lease period ends on April 30, 2020, at which time the contract may be renewed. 6-2. Prepare the adjusting entry that will be made at the end of every month to show the amount of rent "used" during the month. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the expiration of prepaid rent each month Note: Enter debits before credits. Event General Journal Debit Credit 1
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