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I. Flower Hills, Inc. has prepared a year-end 2021 trial balance. Certain accounts in the trial balance do not reflect all activities that have occurred.

I. Flower Hills, Inc. has prepared a year-end 2021 trial balance. Certain accounts in the trial balance do not reflect all activities that have occurred.

Required:

1. On November 1, 2021, the bar area was leased to Jack Donaldson for two years. Flower Hills received $12,000 representing the first six months rent and credited rent revenue.

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