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Multiple Choice Question 99 waterway Real Estate received a check for $27180 on July 1 which represents a 6 month advance payment of rent on

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Multiple Choice Question 99 waterway Real Estate received a check for $27180 on July 1 which represents a 6 month advance payment of rent on a building it rents to a cient. Unearned Rent Revenue was credited for the full $27180. Financial statements will be prepared on July 31. Waterway Real Estate should make the following adjusting entry on July 31: O Debit Uneamed Rent Revenue, $4530; Credit Rent Revenue, $4530. O Debit Unearned Rent Revenue, $27180; Credit Rent Revenue, $24160. O Debit Rent Revenue, $4530; Credit Unearned Rent Revenue, $4530 O Debit Cash, $27180; Credit Rent Revenue, $27180

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