On July 1 the Fisher Shoe Store paid $15,000 to Acme Realty for 6 months...
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Accounting
On July 1 the Fisher Shoe Store paid $15,000 to Acme Realty for 6 months rent beginning July 1. Prepaid Rent was debited for the full amount. If financial statements are prepared on July 31, the adjusting entry to be made by the Fisher Shoe Store is:
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