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Heading 5 Normal No Spacing Heading te with security updates, fixes, and improvements, choose Check for Updates. 1. Smith Corp prepaid the rent on its store. A review of the lease showed that $10,000 was still unexpired at November 30, the end of Smith's fiscal year. Determine the proper adjusting entry at November 30, the end of the fiscal year, based on a prepaid rent account balance before adjustment of $23,500 and record it below. Expired amount of Prepaid Rent $ Adjusting Journal Entry