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Which mentioned entry had the effect on the balance sheet

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Problem 1: The adjusted entry was done as of December 30th, 2020. As a result, prepaid rent account was decreased and correct rent expense was recorded. The mentioned entry had the following effect on the Balance Sheet equation

A. Decrease in Assets, Decrease in Equity
B. Decrease in Assets, Decrease in Liability
C. Decrease in Assets, Increase in Equity
D. No change in Assets, Equity and Liabilities

Reference no: EM132830680

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