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On September 1, Gonzales Company received $42,000 for six months of rent in advance Gonzales Company recorded the transaction by debiting Cash and crediting Unearned

On September 1, Gonzales Company received $42,000 for six months of rent in advance Gonzales Company recorded the transaction by debiting Cash and crediting Unearned Rent Revenue. Required: Journalize the adjusting entry on December 31

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