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Custer Corporation paid $6,500 cash to rent office space for the...

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Accounting

Custer Corporation paid $6,500 cash to rent office space for the six-month period beginning on August 1, 2016. Which of the following transaction types describes the December 31, 2016, adjusting entry to record Rent Expense?

a. Asset source transaction

b. Asset use transaction

c. Asset exchange transaction

d. Claims exchange transaction

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