On December 1,2019,Fleet Company paid $30,000 for three months rent and debited prepaid rent for $30,000;the payment was for rent beginning December 1,2019.
Prepare Fleet's adjusting entry required on December 31,2019.

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The Answer of On December 1,2019,Fleet Company paid $30,000 for three months rent and debited prepaid rent for $30,000;the payment was for rent beginning December 1,2019.
Prepare Fleet's adjusting entry required on December 31,2019.

On December 1,2019,Fleet Company Paid $30,000 for Three Months Rent