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On August 1,2024 , Hurricane collected $11,400 in advance from another company that is renting a portion of Hurricane's factory. The $11,400 represents one year's

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On August 1,2024 , Hurricane collected $11,400 in advance from another company that is renting a portion of Hurricane's factory. The $11,400 represents one year's 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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