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Heureux Corporation signed a contract with Triste Industries in which Heureux will lease an industrial complex to Triste for $1,000,000 a month, beginning on August
Heureux Corporation signed a contract with Triste Industries in which Heureux will lease an industrial complex to Triste for $1,000,000 a month, beginning on August 1, 2020. Triste paid Heureux $1,000,000 on June 1, 2020, for the first month's rent. What account did Heureux Credit when they received payment from Triste on June 1, 2020?
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Rent Revenue
Cash
Unearned Rent
Accounts Payable
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