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Instructions Chart of Accounts General Journal Instructions Garcia Company rents out a portion of its building to Jerry Company for $800 per month. On

Instructions Chart of Accounts General Journal Instructions Garcia Company rents out a portion of its building to Jerry Company for $800 per month. On August 1, Jerry paid Garcia $9,600 for 1 year of rent in advance Required: Prepare journal entries for Garcia to record the collection of rent and the related year-end adjusting entry on December 31.

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