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On November 1, 20x4, you rented some office space to another company for $2593 per month. You received the first 6 months rent in advance.

On November 1, 20x4, you rented some office space to another company for $2593 per month. You received the first 6 months rent in advance. What is the amount of unearned rent on your December 31, 20x4 balance sheet?

Select one:

a. $10372

b. $5186

c. $7779

d. $15558

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Question

On November 1, 20x4, you rented some office space to another company for $2593 per month. You received the first 6 months rent in advance.

On November 1, 20x4, you rented some office space to another company for $2593 per month. You received the first 6 months rent in advance. What is the amount of unearned rent on your December 31, 20x4 balance sheet? Select one: a. $10372 b. $5186 c. $7779 d. $15558

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Step: 1

Get Instant Access with AI-Powered Solutions

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Question

On November 1, 20x4, you rented some office space to another company for $2593 per month. You received the first 6 months rent in advance. What is the amount of unearned rent on your December 31, 20x4 balance sheet?

Select one:

a. $10372

b. $5186

c. $7779

d. $15558