On September 30, 2017, C Company collected $200,000 cash for two years rent in advance....
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Accounting
On September 30, 2017, C Company collected $200,000 cash for two years rent in advance. In 2018 Curry discovered that the $200,000 was recorded as rent revenue in 2017.
What is the correcting journal entry (if needed) in 2018?
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