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In May 1 , 2 0 1 5 , Howell Corp received $ 7 8 , 0 0 0 in advance from a customer for

In May 1,2015, Howell Corp received $78,000 in advance from a customer for 12 months' rent beginning on the same day (May 1).
repare the adjusting entry. required on December 31,2015.
Account
Debit
Credit
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