Question: Prepare the adjusting entry, if any, required on October 31, the end of the fiscal year, if a company on June 1, paid rent on

Prepare the adjusting entry, if any, required on October 31, the

Prepare the adjusting entry, if any, required on October 31, the end of the fiscal year, if a company on June 1, paid rent on the building for nine months, $108,000. The company recorded all prepaid costs as assets and all revenue collected in advance as liabilities, and prepares financial statements monthly. Do NOT use commas or dollar signs in your response. for Debit to for Credit to

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