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On January 1,2014 a company that prepares financial statements paid rent for 2014 and 2015. The accountant recorded the proper entry on January 1, 2014 but failed to record the proper adjusting entry on December 31, 2014. What will be the effects on the 2014 financial statements

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9956729

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