Question
On December 1, 2015, your company collected $24,000 in rent from a tenant that covers the next 6 months. When you collected the cash, you
On December 1, 2015, your company collected $24,000 in rent from a tenant that covers the next 6 months. When you collected the cash, you credited Unearned Revenue, a liability account.
The adjusting journal entry on December 31, 2015 is:
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Cost Estimating
Authors: Rodney D. Stewart
2nd Edition
0471857076, 978-0471857075
