On July 1, Alpha Company prepaid rent for a small equipment storage area in the amount of $12,000 for the period of July 1 through the end of the year. At the end of July, an adjustment entry is needed. Please provide that adjustment entry.

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The Answer of On July 1, Alpha Company prepaid rent for a small equipment storage area in the amount of $12,000 for the period of July 1 through the end of the year. At the end of July, an adjustment entry is needed. Please provide that adjustment entry.

On July 1, Alpha Company Prepaid Rent for a Small