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Business, 17.04.2020 01:32 minecraftplayeovohl1

On November 1, 2019, Real Estate Professionals, Inc. paid $7,000 in advance for an eight-month rental space covering the period of November 1, 2019 through June 30, 2020. The deferred expense was initially recorded as an asset. The company makes adjusting entries once a year at year-end. The adjusting entry on December 31, 2019 would include a .

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On November 1, 2019, Real Estate Professionals, Inc. paid $7,000 in advance for an eight-month renta...
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