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2. Bay City Corporation received $21,000 for 12 months rent in advance. What entry is used to record this transaction? A. Cash 21,000 Prepaid Rent
| 2. | Bay City Corporation received $21,000 for 12 months rent in advance. What entry is used to record this transaction? | |||||||||||
| A. | Cash | 21,000 | ||||||||||
| Prepaid Rent | 21,000 | |||||||||||
| B. | Cash | 21,000 | ||||||||||
| Unearned Revenue | 21,000 | |||||||||||
| C. | Rent Expense | 21,000 | ||||||||||
| Cash | 21,000 | |||||||||||
| D. | Unearned Revenue | 21,000 | ||||||||||
| Rent Revenue | 21,000 | |||||||||||
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Safety Health And Environmental Auditing A Practical Guide
Authors: Simon Watson Pain
2nd Edition
1138557153, 9781138557154
