On October 1, 2010, Edinboro Company rented a building from another company for $90,000 for a two-year time period. Edinboro Company debited the rent expense account on October 1 when the payment was made. What adjustment for rent is necessary at December 31, 2010?

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The Answer of On October 1, 2010, Edinboro Company rented a building from another company for $90,000 for a two-year time period. Edinboro Company debited the rent expense account on October 1 when the payment was made. What adjustment for rent is necessary at December 31, 2010?

On October 1, 2010, Edinboro Company Rented a Building from Another