On December 1, 2014, Fleet Company paid $30,000 for three months rent and debited prepaid rent for $30,000; the payment was for rent beginning December 1, 2014.
Required:
Prepare Fleet's adjusting entry required on December 31, 2014.

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The Answer of On December 1, 2014, Fleet Company paid $30,000 for three months rent and debited prepaid rent for $30,000; the payment was for rent beginning December 1, 2014.
Required:
Prepare Fleet's adjusting entry required on December 31, 2014.

On December 1, 2014, Fleet Company Paid $30,000 for Three