On September 1, a company received cash of $9,336 for one years rent in advance...
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Accounting
On September 1, a company received cash of $9,336 for one years rent in advance and recorded the transaction on that day as a credit to rent revenue.
The amount (value) to be recorded on December 31 adjusting entry would be:
On September 1, a company received cash of $9,336 for one years rent in advance and recorded the transaction on that day as a credit to rent revenue.
The amount (value) to be recorded on December 31 adjusting entry would be:
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