A company paid $2,400 cash on July 1 for an 18-month rental policy beginning on...

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Accounting

A company paid $2,400 cash on July 1 for an 18-month rental policy beginning on July 1. The following dashboard shows the
company's rent expense for the first year ending December 31, along with rent expense for the second year.
Journal entry worksheet
1
3
Prepare the December 31 year-end adjusting entry to record rent expense for
the first year.
image

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