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On October 1, 2024, Beautiful Pool Design paid $39,000 for store rent covering the six-month...

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Accounting

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On October 1, 2024, Beautiful Pool Design paid $39,000 for store rent covering the six-month period ending March 31, 2025. Requirements 1. Journalize the entry on October 1 by using the alternative treatment of deferred expenses. 2. Record the December 31, 2024 adjusting entry Requirement 1. Journalize the entry on October 1 by using the alternative treatment of deferred expenses. (Record debits first, then credits. Select the explanation on Date Accounts and Explanation Debit Credit Oct 1 Requirement 2. Record the December 31 adjusting entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Debit Credit Dec 31 Date

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