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On January 1, Fey Properties collected $5,760 for six months' rent in advance from a tenant renting an apartment. Fey Company prepares monthly financial statements.

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On January 1, Fey Properties collected $5,760 for six months' rent in advance from a tenant renting an apartment. Fey Company prepares monthly financial statements. Which of the following describes the required adjusting entry on January 312 Select one: 0 Debit Uneamed rent revenue for $4800 and Credit Cash for $4,000 b. Debit Uneared fent revenue for $960 and Credit Rent revenue for $960 O Debt Cash for $4800 and Credit Unearned rent revenue for 54.000 d Debt Hent revenue for $960 and Credit Unnamedrent revenue for $960 O Debit Cash for 55.750 and Cred Rent revenue for $5.760

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