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Consider the following independent situations at December 31: (Click the icon to view the situations.) Journalize the adjusting entry needed on December 31 for each
Consider the following independent situations at December 31: (Click the icon to view the situations.) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) SI y a. On April 1, a business collected $3,600 rent in advance, debiting Cash and crediting Uneared Revenue. The tenant was paying one year's rent in advance. At December 31, the business must account for the amount of rent it has earned. Date Debit Credit Accounts and Explanation Unearned Revenue (a) Dec. 31 Rent Revenue Choose from any list or enter any number in the input fields and then click Check Answer. Final Check Clear All 4 parts remaining WIT OR WITHOUT CONSULTOn. RA 99+ earch
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