Prepare the adjusting journal entries for Freezy-Freese Inc….
Prepare the adjusting journal entries for Freezy-Freese Inc. as of 12/31/2023. On June 1, 2023, Freezy-Freese paid cash for rent for the next 12 months for $120,000. At that time, all $120,000 was recorded as Prepaid Rent. (I want the journal entry for 12/31/23, NOT the entry for 6/1/23.)
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