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A company recorded the $24,000 adjusting entry for the earning of rent received in advance by debiting revenues and crediting assets $24,000. Total liabilities areA.$24,000

A company recorded the $24,000 adjusting entry for the earning of rent received in advance by debiting revenues and crediting assets $24,000. Total liabilities areA.$24,000 understatedB.$24,000 overstatedC.$48,000 overstatedD.$48,000 understatedE.correctly stated

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