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Posted on May 22, 2024

On April ?1, a business collected $7,200 rent in? advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one? year's rent in advance.

On April ?1, a business collected $7,200 rent in? advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one? year's rent in advance. At December? 31, the business mus...

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