Fragment Company leased a portion of its store to another company for eight months beginning...
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Accounting
Fragment Company leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $1,100. Fragment collected the entire $8,800 cash on October 1 and recorded it as unearned revenue. Assuming adjusting entries are only made at year-end, the adjusting entry made on December 31 would be
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