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Brown Management received a check for $24,000 on July 1, which represents a 12-month advance payment of rent on a restaurant it rents to a

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Brown Management received a check for $24,000 on July 1, which represents a 12-month advance payment of rent on a restaurant it rents to a client. Unearned Rent was credited for the full $24,000. Financial statements will be prepared on July 31. Brown Management should make the following adjusting entry on Dec 31: Select one: a. Debit Rent Revenue, $2,000; Credit Unearned Rent, $2,000. b. Debit Cash, $12,000; Credit Rent Revenue, $12,000. . Debit Unearned Rent, $2,000; Credit Rent Revenue, $2,000. O d. Debit Unearned Rent, $12,000; Credit Rent Revenue, $12,000

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