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On August 1, a company received cash of $6,840 for one year's rent in advance and recorded the transaction on that day as a credit

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On August 1, a company received cash of $6,840 for one year's rent in advance and recorded the transaction on that day as a credit to rent revenue. The amount (value) to be recorded on December 31 adjusting entry would be: (When writing your answer do not use commas or sign of the dollar. For example, if your answer is $1,500, write it as 1500) Answer: : 2850

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