On December 1, 20X1, Widow Company paid $1,500 rent for some office space which was debited in full to the prepaid rent account. The rent was for three months. Assuming Widow's accounting year ends December 31, give the adjusting entry required on December 31, 20X1.

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The Answer of On December 1, 20X1, Widow Company paid $1,500 rent for some office space which was debited in full to the prepaid rent account. The rent was for three months. Assuming Widow's accounting year ends December 31, give the adjusting entry required on December 31, 20X1.

On December 1, 20X1, Widow Company Paid $1,500 Rent for Some