QUESTION 20 GHI Company is a calendar year company that rents space to a tenant...
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QUESTION 20 GHI Company is a calendar year company that rents space to a tenant for S2,000 per month. The December rent has not been received as of December 31.If GHI Company uses the cash basis, what entry needs to be recorded at year end? O debit Rent Receivable for $2,000, credit Unearned Rent for $2.000 Odebit Cash for $2.000, credit Rent Revenue for $2,000 O debit Rent Receivable for $2,000, credit Rent Revenue for $2,000 O no entry is necessary, the revenue will be recorded when GHl receives the rent check from their tenant
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