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On November 1, Call Center received $9,600 for two years' rent in advance from Garrett Company. The November 30 adjusting entry that Call Center should
On November 1, Call Center received $9,600 for two years' rent in advance from Garrett Company. The November 30 adjusting entry that Call Center should make is to: A. debit Cash; credit Rental Income $9,600. B. debit Unearned Rent; credit Rent Expense $400. C. debit Unearned Rent; credit Rental Income $400. OD. debit Rental Income; credit Unearned Rent $9,600.
On November 1, Call Center received $9,600 for two years' rent in advance from Garrett Company. The November 30 adjusting entry that Call Center should make is to: OA. debit Cash; credit Rental Income $9,600. OB. debit Uneamed Rent; credit Rent Expense $400. OC. debit Unearned Rent; credit Rental Income $400. OD. debit Rental Income; credit Unearned Rent $9,600.
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Principles Of Cost Accounting
Authors: Edward J. Vanderbeck
15th Edition
978-0840037039, 0840037031
