8. Lang leased a portion of its store to Pang for 12 months beginning on...
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Accounting
8. Lang leased a portion of its store to Pang for 12 months beginning on November 1, at a monthly rate of $400. Pang paid the entire $4,800 on November 1, which Lang recorded as unearned revenue. The journal entry made by Lang at year-end, December 31, would include A. A debit to Rent Earned for $400 B. A credit to Unearned Rent for $400 C. A debit to Cash for $800 D. A credit to Rent Earned for $800 E. A debit to Unearned Rent for $4,800
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