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Adjusting Entries Kira & Co. rents space in a building it owns to a tenant for p 21,000 per month. By prearrangement, the tenant delayed
Adjusting Entries Kira & Co. rents space in a building it owns to a tenant for p 21,000 per month. By prearrangement, the tenant delayed paying October's rent until November 8. On this date, the tenant paid the rent for both October and November. Chart of Account Cash Rent Receivable Prepaid Rent Rent Payable Unearned Rent Rent Expense Rent Revenue Assuming Kira uses reversing entries, the journal entries for the collection of rent on November 8 from Kira's tenant
Adjusting Entries
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