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Michelle's Beauty Salon prepays their rent of 2000 for 12 months rent to their leaser....

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Accounting

Michelle's Beauty Salon prepays their rent of 2000 for 12 months rent to their leaser. Both companies' accounting period ends on the 30th of March. so we assume that in this question is the 1st of January and therefore the rent for a 3 month period is used record the adjusting journal entry

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