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The Marshall Corporation prepays rent on the first of each month in the amount of $75,000 for their corporate headquarters. For the year-ended December 31,

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The Marshall Corporation prepays rent on the first of each month in the amount of $75,000 for their corporate headquarters. For the year-ended December 31, 2020, the adjusting journal entry at year-end would include: debit to Cash for $75,000 debit to Unearned Rent Revenue for $75,000 credit to Prepaid Rent Expense for $75,000 debit to Accounts Receivable for $75,000 None of the above

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