Question
On September 1, a company received cash of $9,336 for one years rent in advance and recorded the transaction on that day as a credit
On September 1, a company received cash of $9,336 for one years rent in advance and recorded the transaction on that day as a credit to rent revenue. The amount (value) to be recorded on December 31 adjusting entry would be:
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Financial Accounting An Introduction
Authors: Jacqui Kew, Alex Watson
4th Edition
0199046484, 978-0199046485
