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00:15:05 PPW Co. leased a portion of its store to another company for eight October 1, at a monthly rate of $1,175. This other
00:15:05 PPW Co. leased a portion of its store to another company for eight October 1, at a monthly rate of $1,175. This other company paid the entire $9,400 cash on October 1, which PPW Co. recorded as revenue. The journal entry made by PPW Co. at year-end on December 31 would include: Multiple Choice A credit to Revenue received in advance for $3,525. A debit to Rent Revenue for $3,525 A credit to Revenue received in advance for $5,875. A debit to Cash for $9,400. A credit to Rent Revenue for $3,525
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