Business, 19.11.2019 17:31 lareynademividp0a99r

On august 1, cook builders paid $1,200 in advance for 12 months of rent, with the rental period beginning on august 1. this $1,200 was recorded as a prepaid rent expense. as of the end of the year, no entry has yet been made to adjust the amount initially recorded. which one of the following will be included in the adjusting entry necessary on december 31?

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