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Question 30 3 pts On July 1,2020, Aurora Company collected $24,000...

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Accounting

Question 30
3 pts
On July 1,2020, Aurora Company collected $24,000 rent on a building it owns. The amount collected, which covers a 2-year period starting July 1,2020, was not recorded at all. What journal entir, if any, needs to be recorded at the end of 2021 assuming that the books have already been closed?
Debit Cash $24,000, Credit Retained Earnings $6,000, Credit Rent Revenue $12,000, Credit Uneamed Rent $6,000
None of these.
Debit Cash $24,000, Credit Retained Earnings $18,000, Credit Unearned Rent $6,000
Debit Cash $24,000, Credit Unearned Rent $24,000
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