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  3. on december 1, 2015, your company collected $24,00

On December 1, 2015, your company collected $24,000 in rent from a tenant that covers...

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Accounting

On December 1, 2015, your company collected $24,000 in rent from a tenant that covers the next 6 months. When you collected the cash, you credited Unearned Revenue, a liability account.

The adjusting journal entry on December 31, 2015 is:

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