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On November 1, Baker Company received $29,100 for six months of rent in advance. On November 1, Baker Company credited Rent Revenue, which is an

On November 1, Baker Company received $29,100 for six months of rent in advance. On November 1, Baker Company credited Rent Revenue, which is an alternate way of recording the initial receipt of cash.

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Journalizetheadjusting entryon December 31.

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