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Chase Company rents space to a tenent for $2.500 per month. The tenant currently owes rent for November and December. The tenent has agreed to

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Chase Company rents space to a tenent for $2.500 per month. The tenant currently owes rent for November and December. The tenent has agreed to pay the November, December, and January tents in full on January 15 and has agreed not to fall behind again. The adjusting entry needed on December 31 is Multiple Choice Debt Rent Receivable, $2,500;credt Rent Bored, $2.500. Debit Uneamed Rent, $5,000 credit Rent Earned, 85.000 Debt Rent Receivable 35,000 credit Rent Fored. 85.000 Det er Receivable, $7500, credit Bent Ewrnod, 57.500, Denned Bent 52.500, credit toned, 32.500

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