Property B accounts on a cash basis. Rent is charged on the 1st of the...
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Accounting
Property B accounts on a cash basis. Rent is charged on the 1st of the month. What is the entry when a resident pays on the 3rd?
Debit Cash, Credit rent
Credit Cash, Debit Rent
Debit Cash, Credit rents receivable
Credit Rent, Debit rents receivable
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