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Answer to Question #80562 in Accounting for Linda
Question #80562
The accounting period of Meander Enterprises ends on the last day of February each year. On the 28 February 2017, the total of the rent expense account was 41 100. Rent was paid up to 31 March 2017. Note: Rent expense increased by 10% with effect from 1 September 2016. Which will be the correct journal entry to adjust the rent expense account on 28 February 2018?
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