Record adjusting journal entries for each of the following for year ended December 31.Assume no...
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Accounting
Record adjusting journal entries for each of the following for year ended December 31.
Assume no other adjusting entries are made during the year.
On September 1, a client paid the company $43,200 cash for six months of rent in advance (the client leased a building and took occupancy immediately). The company recorded the cash as Unearned Rent Revenue. What is the unearned rent revenue and rent revenue?
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You can see the logs in the Dashboard.