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On November 1 , 2 0 x 1 Perez realty company rented a commercial building to a new tenant and received $ 5 1 ,

On November 1,20x1 Perez realty company rented a commercial building to a new tenant and received $51,600 in advance to cover the rent for six months. Upon receipt, the $51,600 was recorded in the Unearned Rent account.

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