Question
Handwritten Problem ABC Corporation received 12-months rent in advance on October 1, 2019. The adjusting entry made on December 31, 2019 for this was: Rent
Handwritten Problem ABC Corporation received 12-months rent in advance on October 1, 2019. The adjusting entry made on December 31, 2019 for this was: Rent Revenue 4,500 Unearned Rent 4,500 Determine the following: Rent revenue recognized for the period October 1, 2019 - December 31, 2019: $ _________________ The original amount received on October 1, 2019 $ _________________ One More Time: ABC Corporation received 12-months rent in advance on October 1, 2019. The adjusting entry made on December 31, 2019 for this was: Unearned Rent 4,500 Rent Revenue 4,500 Determine the following: Rent revenue recognized for the period October 1, 2019 - December 31, 2019: $ _________________ The original amount received on October 1, 2019 $ _________________
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