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Business, 02.03.2020 19:25 natajaeecarr

On September 1, 2018, Real Estate Professionals, Inc. paid $ 6 comma 000 in advance for an eight minus month rental space covering the period of September 1, 2018 through April 30, 2019. The deferred expense was initially recorded as an asset. The company makes adjusting entries once a year at yearminusend. The adjusting entry on December 31, 2018 would include a .

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