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On December 1, 2017, Pest Company collected $1,200 in advance for three months of rent on some office space. It was credited in full to

On December 1, 2017, Pest Company collected $1,200 in advance for three months of rent on some office space. It was credited in full to unearned rent revenue. Assuming the accounting year ends December 31, give the adjusting entry required on December 31, 2017.

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