Question: Prepare the adjusting entry, if any, required on April 30, the end of the fiscal year, if a company on April 1, paid rent on

Prepare the adjusting entry, if any, required on April 30, the end of the fiscal year, if a company on April 1, paid rent on the building for six months, $108,000. The company recorded all prepaid costs as assets and all revenue collected in advance as liabilities.

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