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The following instructions apply to Questions 1 and 2. In each of the seven dropdown boxes that accompany these two questions, indicate how each event

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The following instructions apply to Questions 1 and 2. In each of the seven dropdown boxes that accompany these two questions, indicate how each event affects each of the elements of financial statements. The impact will be identified as an Increase ("I"), Decrease ("D") or No Impact ("N"). Do not leave any box blank. 1. On January 1, 2020, Jamieson Co. paid cash in advance for the lease of office space for the full year 2020. Jamieson properly recorded the prepayment on that date. In the dropdown boxes below, record the impact of Jamieson's required December 31, 2020 adjusting entry Asset Impact Select Liability Impact [Select Equity Impact Select Revenue Impact Select Expense Impact Select Net Income Impact Select) Cash Impact Select

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