The CHS Company paid $18,000 cash to its landlord on November 1, 2014 for rent...
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Accounting
The CHS Company paid $18,000 cash to its landlord on November 1, 2014 for rent covering the six-month period from November 1, 2014 through April 30, 2015. The books are adjusted only at year-end. Which of the following does not correctly describe the effect on CHS Company's financial statements of the December 31, 2014 adjusting entry?
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