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On August 1, 2024, Leapfrog collected $19,500 in advance rent from another company that is renting a portion of Leapfrogs building. The $19,500 represents one

On August 1, 2024, Leapfrog collected $19,500 in advance rent from another company that is renting a portion of Leapfrogs building. The $19,500 represents one years rent, and the entire amount was credited to Deferred Revenue. Record the adjusting entry for deferred revenue at its year-end of December 31

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