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Which of the following does not correctly describe the

The CHS Company paid $36,000 cash to its landlord on November 1, 2016 for rent covering the six-month period from November 1, 2016 through April 30, 2017. The books are adjusted only at year-end. Which of the following does not correctly describe the effect on CHS Company's financial statements of the December 31, 2016 adjusting entry?

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Accounting Basics: Which of the following does not correctly describe the

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