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On December 1, 2019, an advance rent payment of $11,400, representing a three-month prepayment for the months of December, January, and February, was received in

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On December 1, 2019, an advance rent payment of $11,400, representing a three-month prepayment for the months of December, January, and February, was received in cash from the company's tenant Required: Complete the below table. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Use the horizontal model to record the effects of the following item: The three months of rent collected in advance on December 1, 2010 Balance Sheet Assets Liabilities Uneamed ront revenge - Stockholders' Equity Not income Cash The adjustment that will be made at the end of each month to show the amount of rent "eamed" during the month Balance Sheet Assets Liabilities Stockholders' Equity Uneamed rent revende Not income Rent reven Income Statement Ravenues Stockholders' Equity Net income Expenses during the month Inconte Statement Revenues Stockholders' Equity Not Income Expenses Rent revenue 8.800

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