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Three months of rent were prepaid on September 1 for $10,800, but two months have now expired, leaving only one month prepaid at October 31.

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Three months of rent were prepaid on September 1 for $10,800, but two months have now expired, leaving only one month prepaid at October 31. What is the amount of rent expense that will be recorded in the related adjusting entry dated October 31? Multiple Choice $10,800 $0 $7,200 $3,600

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