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In Systems Understanding Aid: The Company signed an agreement to sublease an office in its building for $2,200 monthly rate. Waren received and ACH payment
In Systems Understanding Aid:
The Company signed an agreement to sublease an office in its building for $2,200 monthly rate. Waren received and ACH payment from leaser for $6,600 covering the rent for the first quarter of 2021.
How do I record this transaction?
What account is credited and for how much?
What account is debited and for how much?
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