Question: Prepare the year end (December 31) adjusting entry for the following On October 1, $12,000 was collected as rent for one year and a

Prepare the year end (December 31) adjusting entry for the following On

Prepare the year end (December 31) adjusting entry for the following On October 1, $12,000 was collected as rent for one year and a temporary (income statement) account was credited.

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