On November 25,2016,the company paid $24,000 rent in advance for a six-month period (December 2016 through May 2017).On December 31,2016,the adjustment for expired rent would include

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The adjustment for expired rent would include a $4,000 credit to Prepaid Rent, as one month of the six-month prepaid rent has expired, reducing the Prepaid Rent asset account.

On November 25,2016,the Company Paid $24,000 Rent in Advance for a Six-Month