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AIPB Mastering Adjusting Entries Practice Test 2026 – All-in-One Guide to Excel in Your Certification! Flash Cards

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Given a rent of $1,000 per month paid for three months in advance at the beginning of December, what adjustment must be made on December 31 if Rent Expense shows $3,000?

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Rent Expense, which must now be credited for $2,000

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