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    Exam 3: The Accounting Cycle: End of the Period
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    Suppose a Company Rents Office Space for One Year,paying $12,000
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Suppose a Company Rents Office Space for One Year,paying $12,000

Question 72

Question 72

Essay

Suppose a company rents office space for one year,paying $12,000 ($1,000/month)in advance on September 1.Record the adjusting entry on December 31.

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