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Rent was received in advance on September 1, 2014. It was paid in advance for the six months commencing on August 1, 2014 and recorded

Rent was received in advance on September 1, 2014. It was paid in advance for the six months commencing on August 1, 2014 and recorded as revenue. Monthly rent is $2,000.

Record the adjusting entry for the year ending December 31, 2014 for the Landowner (the property owner, the person receiving the rent).

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